Fixed Deposit (FD)
A deposit placed with a bank for a fixed term at a fixed interest rate — verified in audit by confirmation from the bank, not merely the client's own record.
Related terms
- FIFO (First-In, First-Out)
An inventory costing method that assumes the oldest stock on hand is sold first, so the earliest costs flow to cost of goods sold.
- Fixed Asset Register (FAR)
The detailed record of every fixed asset a company owns — cost, location, accumulated depreciation, useful life — that should tie to the general ledger balance.
- Foreign Currency Translation
Restating balances denominated in a foreign currency into the reporting currency at the applicable exchange rate, with the resulting gain or loss recognised per the applicable accounting standard.
- Form 16 / Form 24Q
Form 16 is the TDS certificate issued to an employee for tax deducted on salary; Form 24Q is the quarterly TDS return an employer files reporting those deductions.
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