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Introduction to scalping

July 17, 2023 no comments Posted in Forex Trading

Just imagine having ten trades in a day without any strategy. Unlike other trading strategies whereby you can switch up from one trading strategy to another, you should NEVER try that when scalping. We’ll only take trades in the direction of the short-term trend. Also, most US market reports are released early in the New York session, creating market volatility and scalping opportunities. Read more

How to Make a T Account in Google Sheets

June 28, 2023 no comments Posted in Bookkeeping

We do not make any further entries to work out the closing balance – the $4,000 balance is self-evident from the single entry. Before going any further, take out a piece of paper and try construct the loan T-account using the journal entries above. When you’re done, scroll down just below and compare your answers. So, we have our opening balance (debit) of $4,300 and our closing balance (debit) of $19,100. Both these balances can be determined by a quick examination of the T-account. However, the steps taken above represent the system that is used in accounting to work out and show the closing balance, and thus should be learned and practiced. Read more

Navigating Government and Nonprofit Financials

May 18, 2023 no comments Posted in Bookkeeping

For public business entities, the amendments are effective for annual reporting periods beginning after Dec. 15, 2028, and interim reporting periods within those annual reporting periods. For entities other than public business entities, the amendments are effective for annual reporting periods beginning after Dec, 15, 2029, and interim reporting periods within those annual reporting periods. A new Accounting Standards Update published by the Financial Accounting Standards Board on Dec. 4 establishes authoritative guidance on the accounting for government grants received by business entities. For board members, standards-based reporting demonstrates professionalism and accountability, equipping them with credible data for oversight and governance. Transparent reporting also improves the nonprofit’s public reputation, making it easier to attract both new donors and corporate partners. Through this form, nonprofits disclose their financial activities, governance practices, and how they use funds to support their mission. Read more