Menu
Please help fixed deposit in receipt and payment account
how to show the same. is it going to be part of closing balance? or same is shown as an expense
Replies (7)
Quick Summary
Same is shown under payment as fd booked or fd made
FD is cash equivalent and it is form part of closing balance
Not an part of cash and bank balance.
Query is about Receipts and Payments Account
Shosw the FD made amount as payment under the receipts and payments account.
@ Ankush,
It's not expense since it will be credited back on maturity..
It's not expense since it will be credited back on maturity..
Here querist ask where to show in receipts and payment. He meant that amount shown in cash balance or shown as payment.
Recent Topics :
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
Related Topics :
CAclubindia
