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.
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Accounting entries in case of a mutual fund
Replies (3)
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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