Fixed Deposit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 February 2011 Dear Sirs

Very simple question, that during finalisation Fixed Deposit should shown as Current Assets or as Investment.

regards

Pritom Baruah

Aditya Maheshwari

Aditya Maheshwari (Expert)
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08 February 2011 Current Assets
As per schedule VI
In regard to bank balances, particulars to be given separately of-
(a) the balances lying with Scheduled Banks on current accounts, call accounts and deposit accounts;
(b) the name of the bankers other than Scheduled Banks and the balance lying with each such banker on current accounts, call accounts and deposit account the maximum amount outstanding at any time during the year from each such banker; and
(c) the nature of the interest, if any, of any director or his relative or the 3[***] in each of the bankers (other than Scheduled Banks) referred to in (b) above.]