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Question 3 On 1.4.2008, a mutual fund scheme had 18 lakh units of face value of 10 each outstanding, The scheme samed 7162 lakhs in

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Question 3 On 1.4.2008, a mutual fund scheme had 18 lakh units of face value of 10 each outstanding, The scheme samed 7162 lakhs in 2008-09, out of which 790 lakhs was earned in the first half of the year. On 30.9.2008, 22 lakh units were sold at a NAV of 370. Pass Journal entries for sale of units and distribution of dividend at the end of 2008-09

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