EASYOFFICE

Redemption of mutual funds

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
25 September 2014 What is the accounting treatment when redemption of mutual fund is made where such mutual fund investment is shown as investment?
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
25 September 2014 bank a/c.......dr
to profit on redemption/ div
to investment in mutual funds a/c


profit on redemption a/c / div
to profit and loss a/c
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
26 September 2014 when you make sale then reduce the value of mutual fund investment a/c
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links