Enter your email address to subscribe to this website and receive notifications of new contents by email Join 7, other subscribers. In this accounting practice, there are two main parties who maintain the accounts of mutual funds. A One is investor who invests his money in different mutual funds for reducing his risk from direct investment in share market.

So, for seeing the return and total investment, he needs to record all his mutual fund investment transactions. B Second party is asset management company or Trustees of Mutual Funds. This company gets money from investors under different capital units schemes. So, this is liability for this company. For showing exact position of this liability and for showing return on this money, it has to maintain its accounts.

So, we try to simplify mutual funds accounting from Asset management company or trustee Point of View. Record the All Transactions relating to Mutual Funds A Recording of Issue of Units of Mutual Fund: When person buys the units of mutual funds, it will be the duty of Mutual fund company to record it in its books.

For example, any person buys 10 units of Reliance Capital Asset Management Co. It will become the capital of this mutual fund.

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So, it should be record like the recording of capital. Bank account will be debit and unit capital will be credit in this transaction.

If Mutual fund company invests his money in canadian western bank foreign exchange rates or, its record will be done like purchasing of any other asset.

But we have to mention that specific shares. Suppose, Reliance capital Asset Management Co.

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At that time, Investment in forex simplified pdf share capital account will be debit and bank account will be credit. C Recording of Fixed Assets, Current Assets and Other Assets: Mutual fund company is just service provider. It has expert who are interested to increase the capital of unit holder. So, they need different fixed assets.

When they buy, it is the duty of its accountant to record all the transactions relating to fixed assets, current assets and other assets. D Recording of Incomes: Mutual fund company gets earning from dividend, interestderivative transactions and other sources.

All incomes should be recorded like recording of incomes of any other normal businesses. E Recording of Expenses: Company also pays money for advertising and marketing. We have earn money really fast club penguin record it.

F Buying and selling private stock forex simplified pdf Other Transactions: Except above, all the transactions relating to mutual funds will be recorded on the basis of accounting rules.

At any time binweevils money maker no download daily basis, NAV is calculated. It is very helpful to calculate the market value of each mutual fund unit.

Mutual Funds Accounting ( Simplified ) | Accounting Education

Both mutual fund company and its investors are interested to know NAV. We can calculate NAV with following simple formula. Accounting finance mutual fund. Comments on this Website In comment, you can give your feedback, reviews, ideas for improving content or ask question relating to written content. Share above Content to Your Friends.

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