0
Certificate of deposit if purchased for one year then current asset otherwise long term asset.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
Fixed deposit is fixed asset or current assest?
A fixed deposit in the name of a firm is not a fixed asset.
Is fixed asset a current asset?
fixed deposit is an assets
Where does the fixed deposit appear in balance sheet?
Current asset
Is a 5 Year Certificate of Deposit a Fixed Asset?
No. As long as it can be cashed in at any time, it is still liquid and therefore a current asset. If it cannot be cashed in before maturity, it would be classified as Other Non-Current Assets.
Fixed deposit is current asset or fixed asset?
Fixed deposit is under fixed assets. Under fixed assets, there are 3 category that is tangible fixed assets (land, machinery, dll), intagible fixed assets (pattern, franchise, dll) and investment (fixed deposite,dll).
Is a desk a fixed asset or a current asset?
A fixed asset.
Is gold is fixed asset or current asset?
Current asset
Is cafe a current asset or fixed asset?
Current asset.
Is prepaid insurance a current asset or fixed asset?
Current Asset
Is car a fixed asset or current asset?
fixed assest
Is a car a current asset?
no, it is a fixed asset..
How do you claim fixed deposit?
Every Fixed Deposit will have a certificate linked to it. The bank would issue you a certificate that is the proof that you have a fixed deposit with the bank that is worth 'n' rupees and matures on 'x' date. You need to carry this back to the bank and submit it and ask for cashing your fixed deposit. The bank will accept the certificate and pay you the cash that is due for the deposit.
