Explain the purpose of an investment trust fund & describe its accounting treatment.?

You are taking a risk when you post homework questions here, as you have no idea whether anyone who answers is academically gifted or not (i.e. a person can be very successful in world of investing but still not be able to answer finance or economics questions correctly). Not to mention the fact that you have a teacher, classmates, and textbook that are more familiar with material you are studying and would be better qualified to help you arrive at correct answer.

(I think I've said this same thing to you before - but I hate seeing a question sit out here for days on end and get no response.)

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