Control Account Overview & Uses What is a Control Account? Video & Lesson Transcript

Content B2: 3.04 Reconciling the Sales Ledger Control Account Credit balance on debtors ledger Definition and Examples of Control Account What Is the Essential Point of the Double-Entry System of Accounting for Every Transaction? What is the purpose of control accounts? General ledger accounting software If the discrepancy is significant, then actions such as stock […]

Explaining the Trump Tax Reform Plan

Firms had to hold assets for a year to qualify for the lower rate before the TCJA took effect. This can hurt hedge funds that trade frequently, but it shouldn’t affect private equity funds that typically hold on to assets for around five years. The TCJA repealed the Obamacare tax penalty that was charged to those without health insurance, […]