A company has launched a new mutual fund. how will the company record the mutual fund in its books. Please tell me the basic entries to begin with.
A company has launched a new mutual fund. how will the company record the mutual fund in its books. Please tell me the basic entries to begin with.
Its just like any other business.
1. For sale of units
Bank A/c Dr.
To Unit Capital
2. For purchase of investments
Investments A/c Dr
To Bank A/c
want to know about the accounting treatment of intial expenses
list out the expenses you are talking about
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CAclubindia
