1 . What are Mutual funds 2. Accounting concepts

Question

Accepted Answer

Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of securities.

Mutual funds are managed by professional fund managers who make investment decisions on behalf of the investors.
Investors can buy units of mutual funds, which represent their share of the holdings in the fund.
Mutual funds offer diversification, liquidity, and professional management to investors.
There are different types of mutual funds such as equity funds, debt funds, and hybrid funds.
Accounting concepts include principles like accrual accounting, matching principle, and consistency in financial reporting.
Accounting concepts help in preparing financial statements that accurately reflect the financial position of a company.

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