Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 10 Aug 2017 My Price 4.00

bank overdrafts

Kramer has two primary bank accounts. At December 31, 2012, one of these accounts had bank overdrafts that caused the balance to have a negative balance of 100,000. The other bank account had a balance greater than 500,000. Kramer recorded the 100,000 overdraft as a liability. 1) What would the entry be using US GAAP? 2) What would be the entry using IFRS?

Answers

Maurice Tutor
(5)
Status NEW Posted 10 Aug 2017 09:08 PM My Price 4.00

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