Question
Calculate net acid value of a mutual fund when the following information is provided; name of the scheme, ABC; size of the scheme, rupees hundred
Calculate net acid value of a mutual fund when the following information is provided; name of the scheme, ABC; size of the scheme, rupees hundred crore; face value of the share ₹10; number of outstanding shares, ₹10,00,00,000; market value of funds investment ₹180,00,00,000; receivables ₹1,00,00,000; accrual income ₹1,00,00,000; liabilities Rs 0.5 crore; accrued expenses Rs 0.5 crore
Step by Step Solution
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Step: 1
To calculate the Net Asset Value NAV of a mutual fund you need to determine the value of all the ass...
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Financial and Managerial Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
11th Edition
9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895
