The contract’s profit or loss is decided based on the difference between the agreed exchange fee in the NDF contract and the prevailing market price at the time of settlement. The major difference between ahead and NDF is that in a standard forward contract, there’s precise supply of the underlying currencies on the settlement date. […]
Monthly Archives: November 2022
Ledger Account Examples Most Common Examples with Journal Entries
An accounting ledger is part of the bookkeeping system where a business records all its financial transactions. A business will create separate categories for such transactions- these are known as accounts. All accounts of a company will be listed and contained within the general ledger, or principal book of accounts. A general ledger records transactions […]
Short-Term Liabilities vs Long-Term Liabilities
Based on prevailing interest rates available to the company, it may be most favorable for the business to acquire debt assets by incurring liabilities. For instance, assume a retailer collects sales tax for every sale it makes during the month. The sales tax collected does not have to be remitted to the state until the […]