Year-to-date refers to the period from the beginning of the current fiscal year up to the present date. It’s used in financial reports to track…
READ MOREYTM is the total return expected on a bond if held until it matures, considering its current price, coupon payments, and face value. It’s used…
READ MOREYield refers to the return on an investment, typically expressed as a percentage of its cost or current value. In accounting, it's often associated with…
READ MOREYear-end closing is the accounting process of finalising all transactions, adjusting entries, and preparing financial statements at the end of the fiscal year. It ensures…
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