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    shashidharbj's Avatar
    shashidharbj Posts: 1, Reputation: 1
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    #1

    Sep 1, 2009, 03:23 AM
    Hiii hello
    What are the treatment of fixed deposit in accounts?
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
    Ultra Member
    		  
    #2

    Sep 1, 2009, 05:04 AM

    This is an asset that sits between Current and Fixed.
    In Australia we put these in a section headed
    As INVESTMENTS long term in the Balance Sheet.
    When the maturity date gets nearer to the end , one can transfer it to Current Assets
    Within 12 months.
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