923 Mehdi works for an investment fund manager. He has been transferred from the Trust Accounting Department to the Fund

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923 Mehdi Works For An Investment Fund Manager He Has Been Transferred From The Trust Accounting Department To The Fund 1 (26.87 KiB) Viewed 98 times

923 Mehdi works for an investment fund manager. He has been transferred from the Trust Accounting Department to the Fund Accounting Department He is not sure about the functions of the Fund Accounting Department. What of the following is a responsibility of the Fund Accounting Department? Oa) Ob) Oc) Od) calculating the net asset value (NAV) and NAV per unit (NAVPU) of mutual funds daily preparing the fund manager's financial statements issuing redemption and distribution cheques to unitholders depositing and reconciling amounts received in respect of purchases of units by unitholders