Accounting 101: Deferred Revenue and Expenses
So, the company using accrual accounting adds only five months’ worth (5/12) of the fee to its revenues in profit and loss for the fiscal year the fee was received.…
ACCOUNT Definition & Usage Examples
You don’t want to be in a situation where you have to pay more income tax than is normally required by the Internal Revenue Service (IRS). Accounting is the process…
Day Trading Strategies
During a typical trading day, Zack will watch metrics such as the Relative Strength Index and the Intraday Momentum Index to evaluate whether a particular stock is oversold or undersold.…
Day Trading vs Swing Trading: What’s the Difference?
In a three-hour span, seven trades were opened and closed, for a total of 14 transactions. Otherwise, if individuals are not willing to commit as much time to trading, swing…
Closing Entries in Accounting: Everything You Need to Know +How to Post Them
No matter which way you choose to close, the same final balance is in retained earnings. When the income statement is published at the end of the year, the balances…
Closing Entries in Accounting: Everything You Need to Know +How to Post Them
No matter which way you choose to close, the same final balance is in retained earnings. When the income statement is published at the end of the year, the balances…