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Answer Posted / binay shrestha
Heads which are transfer to Balance sheet do not lose their identity and become the opening balances for coming year, whereas, those accounts head which are transfer to the profit loss account are cease to exist.
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Under Funds Managment, where a Company can park its idle funds temporarily (like call money market, treasury bills etc.,)to maximise the returns. I need answers elaborating various channels the Conmpany can invest wisely. Any Financial Controller can narrate his experience in managing the funds, which will be very practical for us.
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