Q.Fixed deposit account comes under ______ group.

A computerised system organises information through Groups, Ledgers, and Vouchers. A Group is a category (e.g., Capital Account, Loans, Current Liabilities, Fixed Assets, Investments, Current Assets, Sales, Purchases, Direct/Indirect Expenses and Incomes) under which similar ledgers are classified, so the Balance Sheet and Trading/Profit and Loss Account can be prepared automatically and correctly; groups may contain sub-groups (e.g., Sundry Debtors, Sundry Creditors). A Ledger is the individual account of a person, asset, liability, expense or income, which must be created under exactly one appropriate group before any voucher can be posted to it. A Voucher is the basic document — the computerised equivalent of a Journal entry — through which every transaction is entered: …