02-22-2010, 03:10 AM
Hi June23am,
I second Kamran who has well elaborated the case. The terms of contract with Mutual Funds govern on the decision how units should be classified as "Cash Equivalent". As long as units are within the definition of the cash equivalent and meet the requirements/conditions, they should be classified as "Cash Equivalent". No matter where and how mutual fund is investing them onwards.
Regards,
GREAT KHANS
I second Kamran who has well elaborated the case. The terms of contract with Mutual Funds govern on the decision how units should be classified as "Cash Equivalent". As long as units are within the definition of the cash equivalent and meet the requirements/conditions, they should be classified as "Cash Equivalent". No matter where and how mutual fund is investing them onwards.
Regards,
GREAT KHANS