Question

1 Select and write the most appropriate alternative from
these given below
TAPATAN and
then​

Answer 1

Explanation:

Fixed deposit is the movement of cash from bank account to fixed deposit account. When the business has surplus cash it can invest in fixed deposit to earn interest. Fixed deposit can be said as a current or non current asset based on the duration. Hence, fixed deposits comes under Current asset group. Assuming they are for 12 or less than 12 months.