To be clear, investing in gold certificates is a wonderful hobby or collector’s item, but a less-than-ideal way to build wealth for your retirement. Before the US abandoned the gold standard in 1934, gold certificates were equal to their face value and were used as currency. A smart rule of thumb to remember is that… Read more »
Monthly Archives: September 2022
How to account for shares in a double entry accounting system Personal Finance & Money Stack Exchange
When stock is repurchased for retirement, the stock must beremoved from the accounts so that it is not reported on the balancesheet. The balance sheet will appear as if the stock was neverissued in the first place. Even though the company is purchasing stock, there is no assetrecognized for the purchase. Reissuing Treasury Stock above… Read more »
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