Year-End Closing
Year-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 all income and expenses are recorded in the correct period, and sets the stage for a fresh start in the new accounting cycle.
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YTD (Year-to-Date)
Year-to-date refers to the period from the beginning of the current fiscal year up to the present date. It’s used…
Yield to Maturity (YTM)
YTM is the total return expected on a bond if held until it matures, considering its current price, coupon payments,…
Yield
Yield refers to the return on an investment, typically expressed as a percentage of its cost or current value. In…
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