Journal Entries The first step of the accounting cycle is identifying the financial transactions of a business. Once the financial transactions are identified, they are recorded in the accounting books by making journal entries. Therefore, journal entries can be defined as a process of recording financial transactions in the accounting books. The process of journal …
A Guide for Journal Entries in Accounting with Examples Read More »
The basic idea of the accounting equation remains the same which states that a firm’s total assets will always be equal to the sum of total liabilities and shareholders’ equity. The expanded accounting equation breaks down the shareholders’ equity into further sub-items. Shareholders’ equity = Owners’ capital + Retained earnings Retained earnings will further be …
The accounting equation is used in financial accounting, which defines the relationship between a firm’s assets, liabilities, and shareholders’ equity. As per the accounting equation, the relationship between these terms can be represented as follows: Assets = Liabilities + Shareholders’ equity It means that a firm’s total assets will always be equal to the sum …
Table of Contents What are bitcoin ETFs? Before understanding the bitcoin ETF, we need to understand first what are ETFs. ETFs stand for exchange-traded funds which are traded on the stock exchange and represent a basket of assets or index funds. For example, an SPDR S&P 500 ETF (SPY) is an ETF that follows the …
Bitcoin ETF: how does it work and Introduction of BlackRock bitcoin ETF Read More »
In simple terms, cryptocurrency is like digital money. Instead of using coins or bills, it exists only in electronic form. Imagine it as virtual coins or tokens that you can send and receive online. It can further be explained as follows: Digital Money Cryptocurrency can be defined as a money which is used in digital …
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