Equity Fund.

An equity fund is a mutual fund that invests in stocks. Equity funds can be either actively managed or index funds. Index funds track a benchmark index, such as the S&P 500, and attempt to replicate the performance of the index. Actively managed equity funds are managed by a team of professional stock pickers who … Read more

What is the closing entry?

The definition of closing entry is the operation through which the record of operations of a company is stopped, to provide a vision of the equity, the economic situation of the company and the results at a certain point in time. The closing entry is intended to make the debit balances equal numerically with the … Read more