Accounting Crash Course

BANK BORROWINGS

2008

2007

Secured:-

RM

RM

Bank overdraft

xxx,xxx

xxx,xxx

Revolving credit

x,xxx,xxx

x,xxx,xxx

x,xxx,xxx

x,xxx,xxx

a. Bank Overdraft

The bank overdraft bore an interest rate of x% above the bank’s base lending rate.

Security:

i) [...]