Skip to content
doubtly
Sign up

1 answer

Log in to upvote 0 Log in to downvote

Best answer

Answer: A. Investment

Answer: (a) Investment

In computerised accounting software, a fixed deposit is money invested with a bank for a fixed period to earn interest, so its ledger account is created under the Investments group, not under Bank Accounts (which is for current and savings accounts used for day-to-day transactions).

Doubtly AI · 28 Oct 2026 AI-verified · Oct 2026 Report
Was this answer helpful?
Sign in to comment

Your answer

Log in or create a free account to answer this question.