Fd disclosure in balance sheet

POOJA (ARTICLE ASSISTANT) (169 Points)

12 March 2013

I have confusion in disclosure of fixed deposit..it is to be disclosed in investments or current assets in balance sheet of special economic zone?

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CA Parul Saxena (CA) (8465 Points)
Replied 12 March 2013

It is to be disclosed under the head Cash and bank balance-Other Bank Balances....These are current assets

POOJA (ARTICLE ASSISTANT) (169 Points)
Replied 12 March 2013

could you please explain reason for this....it would be easy to understand

CA Parul Saxena (CA) (8465 Points)
Replied 12 March 2013

You may find the reason of it if you would see the format of statement of profit and loss as per Revised Schedule VO

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