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.
Shweta Aggarwal (none) (31 Points)
24 September 2011A 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.
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
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
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