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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
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GST Practitioner & Accounts
15093 Points Posted on 23 September 2022
Less than 12 months Investment= Current Investments.
More than 12 months Investment= Non Current Investments.
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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
15093 Points Posted on 23 September 2022
We are prapering financial statements from April to March ,So that will be the 12 months.
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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 

 

 

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On 23 September 2022 at 15:01
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GST Practitioner & Accounts
15093 Points Posted on 23 September 2022

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

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On 23 September 2022 at 15:19


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