Balance Sheet - Current and Non current Assets


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This discussion clarifies the classification of a Fixed Deposit (FD) on a balance sheet. An FD maturing within 12 months from the balance sheet date is considered a current asset. Therefore, the INR 100,000 FD, maturing on 29.11.2022, would be reported under current assets as of 31-Mar-2022.

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 ?

16 May 2022 As the FD is maturing within one year from the balance sheet date, it's classifiable under current assets.

16 May 2022 FD to be reported in current assets because it will mature within 12 months.


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