Aarush (Delhi) (1566 Points)
04 July 2012| Details of bank balances/deposits | |
| Bank balances available on demand/deposits with original maturity of 3 months or less included under ‘Cash and cash equivalents’ ?????????? | |
| Bank deposits due to mature within 12 months of the reporting date included under ‘Other bank balances’ ???????????? | |
| Bank deposits due to mature after 12 months of the reporting date included under ‘Other non-current assets’ (refer note 17) ??????????? | |
Sneha dagli
(étudiante)
(197 Points)
Replied 05 July 2012
i think its because those maturing within 3 months are liquid and can b easily convrted into cash. hence cash equivalent. for 2nd 1:since it is for less than 12 mnths it qualifies as current asset,whereas 3rd 1 being above 12 mnths is non current
CAclubindia
