Where to report credit limit in financial statements

[Dave A]

@Sbusiso28: Are you referring to a bank overdraft?

Or perhaps a revolving credit facility? (in which case the repayment term becomes relevant).

As I understand it, the limit itself would only be reported in the notes to the financial statements, with the outstanding balance reported in the balance sheet. However, the nature of the facility is material to exactly how and where it is reported, and accordingly how you set up the account.

What financial program you are using might also be useful information.