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Quarterly Financial Statement FY 2008-09 Instructions 1 Due dates for submitting the CFS are: First Quarter December 16, 2008, Second Quarter March 22009,09 Third Quarter — June 1, 2009, Fourth
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Balance designations particularly refer to the process of categorizing and allocating funds within an organization's financial statements.
Any organization or company that prepares financial statements is required to file balance designations.
To fill out balance designations, the organization needs to analyze its financial transactions and allocate the funds to specific categories based on their purpose.
The purpose of balance designations is to provide a clear understanding of how funds are allocated and utilized within an organization.
Balance designations typically include the details of the funds allocated to various accounts, such as cash, investments, assets, liabilities, and equity.
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