What is the Price Earnings Ratio?
The Price Earnings ratio is defined as a ration that tells investors how much they’re paying for each dollar of a company’s earnings. For example, a P/E of 20 means investors are willing to pay $20 for every $1 of current earnings. This ratio is widely used in the market because it provides investors with […]
What is a Bank Reconciliation Statement?
Bank Reconciliation Statement A bank reconciliation statement is a document that reconciles the balances of a bank’s checking account with the bank’s reported financial statements. A bank reconciliation statement is a document that lists all of the transactions in an account, both deposits and withdrawals, and reconciles the account against the bank’s records. This is […]