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Is fixed deposit an asset

Anonymous

∙ 16y ago

Updated: 9/15/2023

Yes.

An Asset is something that has a value and can be sold/converted to cash.

Wiki User

∙ 16y ago

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How do you write letter for bank fixed deposit?

I want letter for bank fixed deposit

What are the differences between a fixed deposit and a certificate of deposit?

A fixed deposit is a type of savings account offered by banks where you deposit a sum of money for a fixed period at a fixed interest rate. A certificate of deposit (CD) is similar but is typically offered by credit unions and has a higher interest rate but requires a minimum deposit and penalties for early withdrawal.

Highest Interest in which deposit - recurring deposit or fixed deposit?

how to calculate Recurring deposit interest ?

Why fixed assets depreciate?

Fixed assets depreciate because through depreciation process cost of fixed asset charged to all those fiscal years in which that fixed asset is used.

Is fixed asset a fixed cost?

A fixed asset is an item/asset that can or does generate income/revenue and its value does not flutuate in the short term. A fixed cost is an expense that is repetative such as your real estate tax and utility bills So the short answer is no. These are two different and opposite items

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

Is a certificate of deposit a current or fixed asset?

Certificate of deposit if purchased for one year then current asset otherwise long term asset.

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).

Where does the fixed deposit appear in balance sheet?

Current asset

Is electricity deposit an asset?

Yes, a utility deposit is an asset.

What Types of fixed asset?

1)Tangible fixed asset 2)Intangible fixed asset 1)Tangible fixed asset 2)Intangible fixed asset

Is a desk a fixed asset or a current asset?

A fixed asset.

Is good is a fictitious asset or fixed asset?

fixed

Is car a fixed asset or current asset?

fixed assest

What is the journal entries for deposit paid on a asset?

deposit account (asset) = dr bank =cr

Share discount is a fixed assets-?

A share discount is not a type of fixed asset, it is a type of net asset.

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