Should I create new business for each Financial Year?

Should I create a separate new business for each Financial Year. like XYZ Pvt. Ltd. (2018-19) then XYZ Pvt. Ltd. (2018-20).

If I do so, how would I get the total (accumulated) profit/loss? I’m using starting balance as the cleared balance from last year.

No. Read this Guide: https://www.manager.io/guides/7470

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Ok, I now I understand.