Fixed deposit with bank as a current assets
This query is : Resolved
30 August 2011
Can we treat fixed deposit with bank as a current assets...... or we have to put it in non current assets.
CA Navin Jain
(Expert)
30 August 2011
if period is less than one year then so as current assets ( Balances with Banks)
Otherwise treated as Investment
Otherwise treated as Investment
31 August 2011
Thanks.... Sir..
but here fixed deposits with banks are the margin money which is given at the time of LC or BG.....
but here fixed deposits with banks are the margin money which is given at the time of LC or BG.....
CMA Ramesh Krishnan
(Expert)
01 September 2011
Need to be shown as Balance with Bank separately as Fixed deposits for margin money
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