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Answer: A. Investments

Answer: (a) Investments

In the computerised accounting package (Tally) a Fixed Deposit kept with a bank is an investment of the firm's surplus funds for a fixed period, so the Fixed Deposit Account is created under the Investments group. It is not a Bank Account (which is used for current/savings accounts operated for day-to-day transactions).

Doubtly AI · 29 Oct 2026 AI-generated · not yet verified Report
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