21 July 2013
If the Company has invested in units of mutual funds during the year and redeemed all units as well during the same year (i.e. there is no opening and closing balance in the said account for the year) whether the same should be disclosed under Current Investments in the Balance Sheet as per Revised Schedule VI. Whether quantitative details are required even though the amounts will be nil for the previous as well as the current year
Whether there are no balance as on Balance Sheet date,nothing to be shown,however if you want to show den give a note regarding purchase and sale of those mutual funds.
CAclubindia
