Fixed Deposit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 February 2011
Dear Sirs
Very simple question, that during finalisation Fixed Deposit should shown as Current Assets or as Investment.
regards
Pritom Baruah
Very simple question, that during finalisation Fixed Deposit should shown as Current Assets or as Investment.
regards
Pritom Baruah
Aditya Maheshwari
(Expert)
08 February 2011
Current Assets
As per schedule VI
In regard to bank balances, particulars to be given separately of-
(a) the balances lying with Scheduled Banks on current accounts, call accounts and deposit accounts;
(b) the name of the bankers other than Scheduled Banks and the balance lying with each such banker on current accounts, call accounts and deposit account the maximum amount outstanding at any time during the year from each such banker; and
(c) the nature of the interest, if any, of any director or his relative or the 3[***] in each of the bankers (other than Scheduled Banks) referred to in (b) above.]
As per schedule VI
In regard to bank balances, particulars to be given separately of-
(a) the balances lying with Scheduled Banks on current accounts, call accounts and deposit accounts;
(b) the name of the bankers other than Scheduled Banks and the balance lying with each such banker on current accounts, call accounts and deposit account the maximum amount outstanding at any time during the year from each such banker; and
(c) the nature of the interest, if any, of any director or his relative or the 3[***] in each of the bankers (other than Scheduled Banks) referred to in (b) above.]
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