Sale or Redemption of Investment

Sale or Redemption of Investment

Some people invest in unit trusts by making regular (e.g. monthly) contributions to their fund. This is an ideal, disciplined and useful way to accumulate capital for a future need. By making regular contributions over a period of time, the sum accumulated at the end of the period will increase. This is commonly known as dollar cost averaging.

At the end of the period, the redemption (or sale) price of the units held will represent the accumulation of all contributions, plus returns generated from the total contributions since the first purchase was made. The effect is more noticeable the longer the holding and contribution period. This form of savings is the basis of most pension fund accumulation e.g. the Employees Provident Fund.

Retained Earnings

Statement of Retained Earnings

A statement of retained earnings reconciles the beginning and ending balances of the account , This statement is reported as part of the statement of changes in equity in a separate column. Account registers can be accessed from the Chart of Accounts. Every Balance Sheet account in QuickBooks has a register except for the Retained Earnings account. A couple benefits to using account registers is that you can view your transactions as well as see the cleared status of your transactions. A “C” next to a transaction means the transaction has been marked cleared, but not reconciled. One the other hand, an “R” means the transaction has been reconciled using the Reconcile tool.

Retained Earnings is not:

Increased by net income
Decreased by expenses
Increased by revenues
Decreased by dividends declared
Decreased by gains and losses

Deposit Bond‬

Deposit Bond‬ acts as a cash substitute and is an insurance policy that acts as a guarantee to the ‪‎vendor‬ that a ‪‎purchaser‬ will pay the deposit at settlement.

What is a Surplus

What is a Surplus?

Excess. also called overage. The extent to which assets exceed liabilities. Profits remaining after subtracting for operating expenses, taxes, interest and insurance.

Extraordinary Credits, Charges

EOCC Extraordinary Credits, Charges

5080100 EXTRAORDINARY CREDITS, CHARGES RRPE RENTAL, REAL PROPERTY AND EQUIPMENT
5080200 EXTRAORDINARY CREDITS, CHARGES RCOA RECOVERY ON CHARGED OFF ASSETS
5080300 EXTRAORDINARY CREDITS, CHARGES IAA INCOME FROM ASSETS ACQUIRED
5080400 EXTRAORDINARY CREDITS, CHARGES PLASE PROFIT LOSS FROM ASSETS SOLD EXCHANGED
5080500 EXTRAORDINARY CREDITS, CHARGES OTHER EXTRAORDINARY CREDITS, CHARGES OTHERS

Profit, Loss on Sale or Redemption of Investment

PLSRI Profit, Loss on Sale or Redemption of Investment

5050100 PROFIT, LOSS ON SALE OR REDEMPTION OF INVESTMENT GOVERNMENT IBODI
5050200 PROFIT, LOSS ON SALE OR REDEMPTION OF INVESTMENT GOVERNMENT IBODI FOREIGN
5050300 PROFIT, LOSS ON SALE OR REDEMPTION OF INVESTMENT PRIVATE IBODI
5050400 PROFIT, LOSS ON SALE OR REDEMPTION OF INVESTMENT PRIVATE IBODI FOREIGN

Trading, Hedging Gain , Loss

THGL Trading, Hedging Gain , Loss

5030100 TRADING, HEDGING GAIN, LOSS GS TRADING GAIN, LOSS GOVERNMENT SECURITIES
5030200 TRADING, HEDGING GAIN, LOSS PDCP TRADING GAIN, LOSS PRIVATE DEBT COMMERCIAL PAPERS
5030300 TRADING, HEDGING GAIN, LOSS FD TRADING HEDGING GAIN, LOSS FINANCIAL DERIVATIVES