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Anonymous

18 Apr 2019

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General Investing

If you own a company, is it okay to to invest the company annual savings to stocks and bonds?

I’m not an owner but I wonder how do these CEOs keep the company savings. I mean, otherwise the company’s annual savings doesn’t do anything and it just sits there and die from inflation. What do you think?

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Png Cheng Xi Damien

25 Oct 2018

Happy Life Seeker at Home

Need to classify properly and accounted for in the annual statements. Even if non-listed, the authorities can request for your past financial statements. IIRC, you are required to keep up to the latest 3 years of financial statements.

https://www.accountingtools.com/articles/2017/5...

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