It maintains running balances for each account and provides detailed transaction information including dates, descriptions, and reference numbers. The general ledger contains posted transactions that have been finalized and reflected in the account balances. Likewise, revenue and expense accounts give an accurate view of the incomes earned and/or the expenses incurred. A general ledger or accounting […]
By using this equation to assess your situation and make informed decisions, you’ll be well on your way to achieving success in your personal or business endeavors. As time passes, it becomes evident that the accounting equation isn’t static but rather a dynamic tool for analyzing the financial health and growth of your business. They […]
Learn the essentials of what is insurance, its types, benefits, and how it protects your finances. The interest calculation of compound interest is a little difficult comparatively as it involves different periods of compounding. In simple interest, you only earn interest on the principal investment amount. P is principal, I is the interest rate, n […]
Avoiding alcohol is always the best option for those with alcohol intolerance, as the increased acetaldehyde levels increase your cancer risk. Avoiding alcohol also helps you to avoid the unpleasant symptoms that alcohol intolerance can create. When doctors diagnose alcohol intolerance, they typically use the immediate symptoms it causes. Finally, it could be due to […]
The last salient point about pricing is that the spread, earnings and losses are measured in a unit called a pip. During normal market conditions, all open positions forex trading vs options trading will be closed immediately (during fast market conditions, your position could be closed beyond your stop loss level). Futures brokers charge commissions […]
Market sentiment is fickle—if a company reports huge earnings, and the Dow Futures skyrocket, the odds are good that the stock market itself will rise as well. If an unexpected weather event shuts down major shipping lanes before the stock market opens, it could cause the Dow Futures to drop, because investors begin anticipating problems. […]