Conversely, a decline below $30.44 could indicate renewed selling pressure. Key support at $29.68 may come into play, and a break below this level could accelerate declines toward $26.47. These levels are pivotal for traders assessing silver’s strength in the current environment. The gold/silver ratio is a calculation meant to serve as an indication of […]
Yearly Archives: 2021
When you receive the $780 worth of inventory for your business, your inventory increase by $780, and your account payable also increases by $780. If Lucie opens a new grocery store, she may start the business by contributing some of her own savings of $100,000 to the company. The first entry to the general ledger […]
The company still owns $5,000 in value, but now in the form of equipment rather than cash. General ledgers have the columns of date, description, debit and credit amount. The description could be an expense, revenue, liability, asset or equity entry. “A general ledger (GL) is a parent copy of all the financial transactions of […]
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Once the previously declared cash dividends are distributed, the following entries are made on the date of payment. Dividends Payable is classified as a current liability on the balance sheet, since the expense represents declared payments to shareholders that are generally fulfilled within one year. The dividend recording process formally starts on the declaration date, […]
As Mother’s Day is approaching, honoring the mother of the family, as well as motherhood, maternal bonds, and the influence of mothers in society. The day is an event to honor the contribution of mothers, acknowledge the efforts of maternal bonds and the role of mothers in our society. Mother’s Day is celebrated worldwide. In […]
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