This entry will be done whether you do the reversing entry or not. The purpose of a reversing entry is to undo an adjusting entry. Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. […]
Monthly Archives: July 2023
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What happens if you have extra transactions showing up on your own records that haven’t been cleared through the bank yet? Likewise, is it a problem if the bank shows a payment or debit that you didn’t document? These odds and ends transactions need to be reconciled, a financial term for making sure that one […]
One popular measure is historical volatility, which is related to the standard deviation of past price movements. Another more forward looking measure is observing the implied volatility in the option market for the particular currency pair you are trading. One of the most important elements in successful forex trading is money management. Structuring a trading […]
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Thus, one must be very careful while recording a credit memo. The seller should always review its open credit memos at the end of each reporting period to see if they can be linked to open accounts receivable. If this is allowed by the accounting software, it reduces the aggregate dollar amount of invoices outstanding, […]
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