Fixed Deposit A/c comes under _________group in Accounting Software.
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → Investments
In accounting software every ledger account is created under a group, and the group decides where the account appears in the balance sheet. A fixed deposit is money the business has placed with a bank to earn interest for a fixed period; it is not used for day-to-day receipts and payments like a bank account. So it is grouped under Investments (current or non-current, depending on its term), not under Bank Accounts.