Editing Book value (section)

==Net asset value==
In the United Kingdom, the term [[net asset value]] may refer to book value.

A [[mutual fund]] is an entity which primarily owns ''financial assets'' or [[capital asset]]s such as bonds, stocks and commercial paper. The [[net asset value]] of a mutual fund is the market value of assets owned by the fund minus the fund's liabilities.<ref>{{cite web|url=https://www.sec.gov/answers/nav.htm|title=SEC.gov – Net Asset Value|website=sec.gov|access-date=9 April 2018}}</ref> This is similar to shareholders' equity, except the asset valuation is market-based rather than based on acquisition cost. In financial news reporting, the reported net asset value of a mutual fund is the net asset value of a single share in the fund. In the mutual fund's accounting records, the financial assets are recorded at acquisition cost. When assets are sold, the fund records a capital gain or capital loss.{{Citation needed|date=June 2007}}

Financial assets include stock shares and bonds owned by an individual or company.<ref>Groppelli, Angelico A. (2000) ''Finance'', 4th ed., p.25.</ref> These may be reported on the individual or company balance sheet at cost or at market value.