FDR
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 September 2010
A proprietory firm deals in cloth trading and has invested money in FDR
Interest on FDR credited to p&la/c
FDR shown under head Investments
Plz Comment?
Interest on FDR credited to p&la/c
FDR shown under head Investments
Plz Comment?
28 September 2010
Interest credited to P&L - Yes
FDR should be under cash and bank.
AS 3 defines cash as "Cash comprises cash on hand and demand deposits with banks"
FDR should be under cash and bank.
AS 3 defines cash as "Cash comprises cash on hand and demand deposits with banks"
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