By age 65, your twin has only earned $132,147, with a principal investment of $95,000. Compound interest is interest that applies not only to the initial principal of an investment or a loan, but also to the accumulated interest from previous periods. In other words, compound interest involves earning, or owing, interest on your interest.…

Accounting information can be developed for any kind of organization, not just for privately owned, profit-seeking businesses. One branch of accounting deals with the economic operations of entire countries. The remainder of this article, however, will be devoted primarily to business accounting. Whether it’s GAAP in the U.S. or IFRS elsewhere, the overarching goal of…

If they are still not equal, you will have to repeat the process of reconciliation again. The next step is to adjust the cash balance in the business account. Investing in alternative assets involves higher risks than traditional investments and is suitable only for sophisticated investors. Alternative investments are often sold by prospectus that discloses…