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plz explain me that why fixed deposit is shown under cash and cash equivalent but not in current investment in the balanace sheet of company
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plz explain me that why fixed deposit is shown under cash and cash equ...
current investment is a part of cash and cash equivalent so fd is come in cash
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plz explain me that why fixed deposit is shown under cash and cash equ...
current investment are the investment that can be converted into cash within one year and fixed deposits cannot be converted into cash within short period therefore not included.
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Direction: Read the following passage and answer the questions that follow:Mr. Krishna Kumar is a businessman, dealing in confectionery items. His marketing strategy and quality control system has enabled him to create a niche market for his products. He has opened an account with PNB and every day he makes a number of transactions, both deposits and withdrawals to conduct his business smoothly. Sometimes he even withdraws more than the balance available in his account. But he doesn’t earn any interest on this account. Apart from this account, he has opened Recurring Deposit Account also in which he deposits ` 10,000 monthly. He believes that money should not be kept idle, rather it should be invested in productive channels as money begets money.“He has opened an account with PNB and every day he makes number of transactions, both deposits and withdrawals.”Q. Identify the bank account stated in the above line.

Direction: Read the following passage and answer the questions that follow:Mr. Krishna Kumar is a businessman, dealing in confectionery items. His marketing strategy and quality control system has enabled him to create a niche market for his products. He has opened an account with PNB and every day he makes a number of transactions, both deposits and withdrawals to conduct his business smoothly. Sometimes he even withdraws more than the balance available in his account. But he doesn’t earn any interest on this account. Apart from this account, he has opened Recurring Deposit Account also in which he deposits ` 10,000 monthly. He believes that money should not be kept idle, rather it should be invested in productive channels as money begets money.Q. Which of the following Bank Account is a non interest bearing bank account?

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plz explain me that why fixed deposit is shown under cash and cash equivalent but not in current investment in the balanace sheet of company
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plz explain me that why fixed deposit is shown under cash and cash equivalent but not in current investment in the balanace sheet of company for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about plz explain me that why fixed deposit is shown under cash and cash equivalent but not in current investment in the balanace sheet of company covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for plz explain me that why fixed deposit is shown under cash and cash equivalent but not in current investment in the balanace sheet of company.
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