n NISM Certifications
X NISM Series X
Medium

In an individual’s balance sheet, where are mutual fund investments classified?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Fixed Asset

  2. B

    Capital Liabilities

  3. C

    Current Liabilities

  4. Investments

    Correct answer

Why this is the answer

Mutual funds are financial assets and are recorded under investments on the balance sheet.

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