​A Mutual Fund is a investment program where a manager selects stocks, indexes, commodities, and currency that try to make money for their shareholders.

Some manager that run their mutual fund try to beat the market while other try to make a safe return on shareholders money.

According to The Statistics Portal; there is 9,356 mutual fund active in the Unites States.

Investing in a mutual fund helps diversify your portfolio by having a professional handle investments that they have experience in that you might not have in or need to spend time research in that company industry.

There are some risk in investments in mutual fund. For example, the manager might over trade in their account. Making commission fee high and shrinking your account balance. Also there are hidden fee that you might not be aware unless you investigate where cost are going. 

Some website to research are:

• Morningstar
• Lipper Leaders
• MAXfunds

When looking into rating on mutual funds from website. Some that have good rating from past performance doesn't mean that they will perform well in the future since rating are from what they have already done in stock markets. You will want to look at mutual fund that have potential to become a high rating mutual fund. 

Business entity concepts limits the economic  data in an accounting system to data related to directly to the activities of the business. This makes the business be seen as an entity separate form its owners, creditors, or other business.

A business entity can be created in the following:

• Proprietorship: owned by one individual. 
• Partnership: owned by two or more individuals.
• Corporation: organized under state or federal statutes as a separate legal taxable entity.
• Limited liability company: combines the attributes if a partnership and a corporation.​