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How to present Fixed Deposit in Balance sheet

This query is : Resolved 
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Fixed deposits in a bank are treated as current assets and shown under cash and cash equivalents in the balance sheet, irrespective of whether maturity is within or beyond 12 months.

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(Querist)
26 December 2021 how to present fixed deposit in Balance sheet for up to 12 Months and more than 12 months .
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
26 December 2021 As per the guidelines FD in a bank is a current assets and it will be shown under cash & cash equivalent. Years of maturity is immaterial for the purpose of recording FD in balance sheet.
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