How to present Fixed Deposit in Balance sheet

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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.

Daya

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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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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