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FDR Current or Non Current Investment

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Account Officer
653 Points Posted on 23 September 2022
I have made a FDR of Rs. 3 Crs on 1st Jan 22 for 1 year which will be matured on 2nd Jan 23

And a FDR of 1 Crs made on 31st March 22 which will be matured on 31.03.23

is the above FDR is non current or current investment

what's the criteria of classification

kindly guide
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On 23 September 2022 at 13:20 Report
Replies (5)
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GST Practitioner & Accounts
15085 Points Posted on 23 September 2022
Less than 12 months Investment= Current Investments.
More than 12 months Investment= Non Current Investments.
24 Reply
On 23 September 2022 at 13:56
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Account Officer
653 Points Posted on 23 September 2022
From balance sheet date or FDR date
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On 23 September 2022 at 14:26
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GST Practitioner & Accounts
15085 Points Posted on 23 September 2022
We are prapering financial statements from April to March ,So that will be the 12 months.
24 Reply
On 23 September 2022 at 14:44
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Account Officer
653 Points Posted on 23 September 2022

Sorry, i can't understand others advicing me 12 months from the date of balance sheet 

i.e. for 2021 -22 date of balance sheet will be 31.03.2022 

and any FDR maturity date upto 31.03.23 will be current investment 

 

 

2 Reply
On 23 September 2022 at 15:01
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GST Practitioner & Accounts
15085 Points Posted on 23 September 2022

You have to refer AS 13 Investment or IND AS 32  applicable to you .

24 Reply
On 23 September 2022 at 15:19


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