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What is Fluctuating fund system?
Fluctuating fund system is handling petty cash fund wherein every expenses/voucher is debited directly with petty cash fund as a credit. The petty cash fund is debited only whenever there is a replenishment wherein the proforma entry is:
What entries are posted on a capital project Fund?
premium remained in capital projects fund, is there an journal entry for this
What are replenishment licenses?
what are replenishment license
Replenishment lead time?
The replenishment lead time can be specified for each material. 1 Trading goods: planned delivery time + goods receipt processing time, 2 Finished goods: in-house production time.
Is a money market fund the same as a mutual fund?
A money market fund is a mutual fund, but behaves a little different than most fund.
What is Fluctuating fund system?
Fluctuating fund system is handling petty cash fund wherein every expenses/voucher is debited directly with petty cash fund as a credit. The petty cash fund is debited only whenever there is a replenishment wherein the proforma entry is:
What is journal entry for fluctuating fund system?
establishment of fund: petty cash fund xx cash in bank xx payment of expenses out of the petty cash fund: expenses xx petty cash fund xx
How much does an entry level Mutual-Fund Manager earn in a year?
no such thing as an entry level mutual fund manager, has to have some solid experience to be a supervisor in a fund team, but you can be an entry level fund accountant that tracks the NAV calculations and does other tasks, and can make about 35K, and move to manager position depending on the company.
What entries are posted on a capital project Fund?
premium remained in capital projects fund, is there an journal entry for this
What are replenishment licenses?
what are replenishment license
Comparison between Load Funds No Load Funds Low Load Funds?
Load is a term frequently used in the Mutual fund market. This is the amount of money that the fund house would deduct from our investment as fund charges. There are two loads - Entry & Exit loads. Entry load is the amount they deduct when you buy the fund and exit load is the amount they deduct when you exit the fund. A Load fund is one that charges a specified % as the entry or exit load A No Load fund does not charge any entry or exit load A Low Load fund is one that charges very low % of load when compared to others. Ex: If you want to invest Rs. 10,000/- in a fund that charges a 2% entry load and NAV of Rs. 10/- then you will get 980 units because only Rs. 9,800/- would be invested in your name. The remaining Rs. 200 (2%) is the charges the fund house would deduct from your investment.
The limit on maximum entry or exit load that a fund can charge is determined by the?
AMFI
What should be the journal entry for purchase of building from building fund account?
1. [Debit] Building account xxxx [Credit] building fund account xxxx
What is ambient replenishment controller?
an anbient replenishment controller is a posh word for a mcdonalds worker
What is the entry to replenish a petty cash fund?
Dr. Various expense accounts Cr. Cash (in bank)
When was Ambika class replenishment ship created?
Ambika class replenishment ship was created on 1995-01-23.
Is the entry to establish a petty cash account a debit to petty cash and credit to cash?
yes. the entry should be: petty cash fund debit cash in bank credit
