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FDR

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 September 2010 A proprietory firm deals in cloth trading and has invested money in FDR

Interest on FDR credited to p&la/c
FDR shown under head Investments

Plz Comment?
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Thrissurkkaran Ishtan

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Thrissurkkaran Ishtan (Expert)
28 September 2010 Interest credited to P&L - Yes
FDR should be under cash and bank.

AS 3 defines cash as "Cash comprises cash on hand and demand deposits with banks"

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