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There were journal entries questions
A hedge fund is an investment fund that pools capital from accredited individuals or institutional investors and invests in a variety of assets.
Hedge funds are typically only accessible to accredited investors due to their high-risk, high-reward nature.
They often use leverage and derivatives to amplify returns.
Hedge funds charge both a management fee and a performance fee based on the fund's profits.
Examples of hedge f...
Accrual entries are accounting entries made to record revenue or expenses that have been earned or incurred, but have not yet been received or paid.
Accrual entries are used to match revenues and expenses to the period in which they are earned or incurred, regardless of when the cash is actually received or paid.
They involve debiting an expense account and crediting a liability account for expenses incurred but not yet ...
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