What says regarding ( sale or maturity of Mutual fund)
This query is : Resolved
04 January 2023
On sale or maturity of Mutual fund
In the case of Loss or profit,
what should What should be journal entry
(1) In the case of profit received after maturity and sale of mutual fund from banks
Bank Account Dr.
To Mutual Fund Account
To Profit and loss account short term capital gain or Long term capital gain
In the case of Loss or profit,
what should What should be journal entry
(1) In the case of profit received after maturity and sale of mutual fund from banks
Bank Account Dr.
To Mutual Fund Account
To Profit and loss account short term capital gain or Long term capital gain
04 January 2023
Correct...
Generally Short or Long term capital gain only..
Generally Short or Long term capital gain only..
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