Accountancy, asked by swimmerkirti15, 6 hours ago

will fixed deposit be included in income and expenditure ?

Answers

Answered by selenophile7

Answer:

I think No

Explanation:

The fixed deposit account is an asset and will be shown on the balance sheet as either current or non-current, depending on whether the term of the deposit is less than or more than one year from the balance sheet date.

hope it helps you:)☺

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