Question

    A matured term deposit is to be shown under which of the following?

    A Demand deposits Correct Answer Incorrect Answer
    B Saving bank deposits Correct Answer Incorrect Answer
    C Term deposits Correct Answer Incorrect Answer
    D Other liabilities & provisions Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    On maturity the bank is liable to pay the money to the term deposit holder whenever he demands it, hence demand deposit.

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