sudipta (service) (32 Points)
15 July 2009we have few long term deposit with bank , how to disclose this fixed deposit in schedule VI balance sheet . whether accrued interest on fixed deposit is part of fixed deposit or other current assets. for calculation of CRAR how much risk should be assigned on this assets "0" or 100%.
Prateek
(Audit executive)
(22 Points)
Replied 13 April 2010
As per schedule VI:
Cash and cash equivalents
(i) Classification shall be made as:
(a) Bank balances;
(b) Cheques, drafts on hand;
(c) Cash balance;
(d) Cash equivalents – short-term, highly liquid investments
that are readily convertible into known amounts of cash
and which are subject to an insignificant risk of changes in
value;
(e) Others (specify nature).
(ii) Earmarked bank balances (e.g. unpaid dividend) shall be
separately stated.
(iii) Balance with banks to the extent held as security against the
borrowings, guarantees, other commitments shall be disclosed
separately.
(iv) Repatriation restrictions, if any, in respect of cash and bank
balances shall be separately stated.
(v) Bank deposits with more than 12 months maturity shall be
disclosed separately
Repalli Dinesh
(6 Points)
Replied 22 July 2017
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