TOPIC OF FINANCIAL REPORTING. IT COVERS ACCOUNTING ENTRIES, NAV CALCULATION AND PREPARATION OF REVENUE ACCOUNT AND BALANCE SHEET.
The chapter highlights the complete insight of accounting for a mutual fund entity.
You will learn in this chapter how to make financial statements for mutual fund organisation.
Also, it will cover accounting entries to be passed by the mutual fund entity on purchase and sale of investments.
And learn the magical calculation of NAV - NET ASSET VALUE.