Question

how to treat this in final accounts-
10% Fixed Deposits (1-7-17) 60,000
(given in trial balance and no adjustment given)
ac/s close on 31-3-18

Answer 1

treat this as fixed asset
at the same time record the interest received on these deposits in profit and loss account
if no interest is given calculate and record
also add interest in balance sheet if nothing is mentioned in trial balance.