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Fd disclosure in balance sheet
I have confusion in disclosure of fixed deposit..it is to be disclosed in investments or current assets in balance sheet of special economic zone?
Replies (3)
It is to be disclosed under the head Cash and bank balance-Other Bank Balances....These are current assets
could you please explain reason for this....it would be easy to understand
You may find the reason of it if you would see the format of statement of profit and loss as per Revised Schedule VO
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