Under which group in tally?

Fixed Deposits A/C under which group in Tally?
Replies (9)
Quick Summary
This discussion explores the correct Tally group for Fixed Deposit Accounts. While some suggest Current Asset due to liquidity, others argue it belongs under Investment. The consensus leans towards Investment, particularly if the Fixed Deposit has a longer term, as it's not typically considered a highly liquid current asset.

Current asset
Select deposits (asset) group
Choose Deposits & Advances
Advances has seperate. So you need to classify under deposits (assets) onl
Investment
Fixed deposit is under Investment a sub group of Current Asset.
Current Asset means having high liquidity.
It need not be current asset .Need to check the term of fixed deposit
Under Investment
What is the term of FD ?

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