Balance Sheet - Current and Non current Assets
This query is : Resolved
16 May 2022
I have Fixed Deposit of INR 100000/- from 29.04.2021 to 29.11.2022.
My Question is As at 31-Mar-2022 above FD shows in current assets or non current assets ?
My Question is As at 31-Mar-2022 above FD shows in current assets or non current assets ?
16 May 2022
As the FD is maturing within one year from the balance sheet date, it's classifiable under current assets.
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16 May 2022
FD to be reported in current assets because it will mature within 12 months.
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