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.
3 Replies
ashish gupta
( student)
(1922 Points)
Replied 25 September 2011
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
amit saluja
(d)
(21 Points)
Replied 03 April 2012
want to know about the accounting treatment of intial expenses
ashish gupta
( student)
(1922 Points)
Replied 03 April 2012
list out the expenses you are talking about
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