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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FDR Current or Non Current Investment
Replies (5)
Less than 12 months Investment= Current Investments.
More than 12 months Investment= Non Current Investments.
More than 12 months Investment= Non Current Investments.
From balance sheet date or FDR date
We are prapering financial statements from April to March ,So that will be the 12 months.
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
You have to refer AS 13 Investment or IND AS 32 applicable to you .
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