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    GL Accounting Entries

    Uploaded by

    Fharook Syed
    This document summarizes accounting entries for mutual fund investments and fixed deposits with banks. For mutual funds, entries are provided for booking investments, dividend reinvestment, and redemption along with any dividends, gains or losses. For fixed deposits, an entry is shown for booking the initial investment. The entries specify debit and credit accounts along with general ledger codes and descriptions.

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    © All Rights Reserved
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    GL Accounting Entries

    Uploaded by

    Fharook Syed
    34 views2 pages
    This document summarizes accounting entries for mutual fund investments and fixed deposits with banks. For mutual funds, entries are provided for booking investments, dividend reinvestment, and redemption along with any dividends, gains or losses. For fixed deposits, an entry is shown for booking the initial investment. The entries specify debit and credit accounts along with general ledger codes and descriptions.

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    This document summarizes accounting entries for mutual fund investments and fixed deposits with banks. For mutual funds, entries are provided for booking investments, dividend reinvestment, and redemption along with any dividends, gains or losses. For fixed deposits, an entry is shown for booking the initial investment. The entries specify debit and credit accounts along with general ledger codes and descriptions.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    34 views2 pages

    GL Accounting Entries

    Uploaded by

    Fharook Syed
    This document summarizes accounting entries for mutual fund investments and fixed deposits with banks. For mutual funds, entries are provided for booking investments, dividend reinvestment, and redemption along with any dividends, gains or losses. For fixed deposits, an entry is shown for booking the initial investment. The entries specify debit and credit accounts along with general ledger codes and descriptions.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    GL Accounting Entries :

    # Sourc Transaction Dr / Cr. GL Code GL Description


    e

    Mutual Fund Investments

    1 TRM Booking of Investment Dr. 23220050 Units in mutual fund

    Cr. 11460342, 11460302, Bank Outgoing


    11460362, 11460432,
    11460512, 11460602,
    11460702, 11460752,
    11460812, 11460862,
    11460852, 11460912,
    11470002, 11470152,
    11460622, 11469072,
    11469092, 11470052,
    11469082, 11460142,
    24171282

    2 TRM Dividend Reinvestment Dr. 23220050 Units in mutual fund

    Cr. 35005025 Divident Mutual


    Funds

    3 TRM MF redemption along Dr. 11460341, 11460301, Bank Incoming


    with dividend, gain / 11460361,11460431,
    loss if any 11460511, 11460601,
    11460701, 11460751,
    11460811, 11460861,
    11460851, 11460911,
    11470004, 11470151,
    11460621, 11469071,
    11469091, 11470051,
    11469081, 11460141,
    24171281

    Cr. 23220050 Units in mutual fund

    Dr. /Cr. 47145210 Gain / Loss on


    redemption

    Fixed Deposits with Banks

    1 TRM Booking Investments Dr. 24460040 Deposit to Banks


    Cr. 11460342, 11460302, Bank Outgoing
    11460362, 11460432,
    11460512, 11460602,
    11460702, 11460752,
    11460812, 11460862,
    11460852, 11460912,
    11470002, 11470152,
    11460622, 11469072,
    11469092, 11470052,
    11469082, 11460142,
    24171282

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