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To ghost fund an account means to deposit money into an account anonymously or without revealing one's identity. This can be done by using a third party service, such as a money transfer app or prepaid card, to add funds to the account without disclosing personal information.
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What is the difference between person fund vs account fund?
The difference between person fund and account fund is that a person fund is transferred to the recipient in person, while the account fund is transferred to the account of the recipient.
What is proprietory fund?
A proprietary fund is a type of account in finances. In this type of account, some nonprofit and government business transactions are dealt with.
What are the tax implications of investing in a target date fund within a taxable account?
Investing in a target date fund within a taxable account can lead to tax implications such as capital gains taxes on any profits when you sell the fund, as well as potential taxes on dividends and interest earned within the fund. It's important to consider these tax implications when investing in a target date fund in a taxable account.
What is the entry in the replenishment of fluctuating fund?
The entry in the replenishment of a fluctuating fund typically involves debiting the fluctuating fund account and crediting the cash or bank account. This reflects the transfer of cash to restore the fluctuating fund to its predetermined balance after expenditures have been made. The process ensures that the fund remains adequately financed for ongoing operational expenses or other designated purposes.
What is mutual fund omnibus account?
A mutual fund omnibus account is a single account that consolidates multiple investors' holdings within a mutual fund, allowing for streamlined transactions and record-keeping. This account simplifies the management of individual investor transactions, as all trades and holdings are processed under one umbrella account, which can reduce administrative costs. However, while it offers efficiency, it may limit individual investor visibility into their specific holdings and activities. Omnibus accounts are commonly used by financial intermediaries such as brokers and financial advisors.
What is the difference between person fund vs account fund?
The difference between person fund and account fund is that a person fund is transferred to the recipient in person, while the account fund is transferred to the account of the recipient.
How do you reconcile a money market mutual fund account?
One must first allow the fund to transverse itself to a standard pension-based stock option. Once this has been accomplished, one can effectively utilize the money market account to fund a subsequent convertible bond. With all of the prior funds from the former mutual fund account transferred to the convertible account, the monies may then be reverted back to any standard bank account. This, in essence reconciles a money market mutual fund account. Rye
What is Bruce Fund famous for?
Bruce Fund is not a person. The Bruce Fund is a website for an investment fund. One can make an account with them online via their official website or contact them by phone.
What do you mean by Electronic Clearing System?
It is type of one bank account fund transfer to another bank account
Can you get mutual fund account statement?
Yes. Usually fund houses send out account statements to their customers once a year or when the customer buys/sells units. Also, if you want a duplicate statement, you can call the fund house customer care and request for one.
What are the account titles used in the capital account?
The purpose of Fund Accounting is separation of records. This is done by use of categories (titles). The primary four categories of funds are the, Current Unrestricted Fund, Current Restricted Fund, restricted Endowment Fund, and the Fixed Asset Fund. These Funds may be "titled" by different names. As an example, the Current Unrestricted Fund may be called the General Fund or Current Fund. These titles are given to the fund based upon stipulations such as Board-designated or donor restricted.
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 proprietory fund?
A proprietary fund is a type of account in finances. In this type of account, some nonprofit and government business transactions are dealt with.
Where might one view money market fund ratings?
You can view money market fund ratings on websites like trade websites. If you do have a trading account you can check for money market fund ratings in your portfolio
Can one withdraw their provident fund fom mibfa as you are now only contributing towards momentum pension fund?
The best way to find out of one can withdraw their provident fund from MIBFA is to contact the source from which one opened the account. Another way to find out this answer might be to ask an accountant.
What is fund utilization in banking system?
Fund utilization is when the use of funds is governed by the fund authority for the specified fund type, or in the case of trust funds for the specified account. Managers are responsible for understanding the restrictions on use for all fund types, and for any trust account utilized by the department.
Can a mutual fund investor use a regular account to purchase shares in an open-end fund?
No
