Fixed deposit with bank as a current assets

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Mayur (Querist)
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30 August 2011 Can we treat fixed deposit with bank as a current assets...... or we have to put it in non current assets.

CA Navin Jain (Expert)
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30 August 2011 if period is less than one year then so as current assets ( Balances with Banks)

Otherwise treated as Investment

Mayur (Querist)
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31 August 2011 Thanks.... Sir..

but here fixed deposits with banks are the margin money which is given at the time of LC or BG.....

CMA Ramesh Krishnan (Expert)
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01 September 2011 Need to be shown as Balance with Bank separately as Fixed deposits for margin money

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