BONUS UNITS RECIEVED FROM MUTUAL FUNDS
This query is : Resolved
14 January 2020
We had certain mutual funds which were redeemed in September 19. On 3.10.2019 we recieved bonus units from the fund while already complete redemption of previous units was done.What will be the accounting entry for these bonus units and what will be the value to be shown.
14 June 2020
Bonus Shares will be debited as an Asset and Value of Bonus shares as per share/mutual fund portfolio/certificate will have to credited as in Income.
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