At 31 December, Ulvelle reports: current accounts in credit 430,000; overdraft repayable on demand on its main account, which alternates every month between positive and overdrawn balances 65,000; overdraft on a second account, overdrawn without interruption for three years and renegotiated as a funding line 210,000 (case data). Compute closing cash and cash equivalents.
- Current accounts in credit
- 430,000
- Fluctuating overdraft
- 65,000
- Permanent overdraft
- 210,000