Treatment of cumulative fixed deposit

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4 Points Posted on 17 December 2015

What is the carrying amount of cumulative fixed deposit in balance sheet

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On 17 December 2015 at 17:36 Report
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Student CA Final
117 Points Posted on 17 December 2015

principle + cumulative interest till balance sheet date

 

this could be a case when interest accrued yearly but paid on maturity

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On 17 December 2015 at 20:36

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