Is there a place in a business’ financial statements to include a line of credit?

Sep 07, 2009 in Business Line Of Credit

For example, if I have a line of credit of 0,000, is there a way to reflect that such that my forecasts wouldn’t show me running out of money?

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2 comments

jimbobby18 on September 7, 2009 at 11:56 am

lol
LiZ on September 7, 2009 at 11:56 am

You would report it as a liability. If you transfer the money to your bank this would make it a cash line item under current assets. Can’t really help without further information.

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