Hi Friends,
Can any one tell me when a bank deposit qualifies as an investment?
2 Replies
CA Pooja Agarwal
(Chartered Accountant)
(3228 Points)
Replied 04 October 2012
yes bank deposit is an investment.. if it is to mature within 12 months,its current investment..for more than 12 months,its long term investment
A.Sunil kumar
(Finance executive)
(53 Points)
Replied 05 October 2012
Then in that case why we do not present along with investments why in Bank balance. Now AS will previal.
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