Question

In tally, fixed deposit account comes under ______ group.

Options

• Investments

• Current Liabilities

• Bank Account

• Current Assets

Answer 1

In tally, fixed deposit account comes under investment group.

Explanation:

In tally, a fixed deposit (FD) is categorised under the investments group because it is a long-term or short-term financial asset held to earn interest. While it is held at a bank, the "Bank Account" group is strictly reserved for savings or current accounts used for regular business transactions.