Time is a crucial resource that each business treasures and tries to convert into a gain. When choosing document management software program, focus on a clutterless and user-friendly interface that empowers customers. DocHub delivers cutting-edge features to improve your document managing and transforms your PDF file editing into a matter of a single click. Insert Demanded Field to the Accounting Contract with DocHub to save a ton of time and improve your productiveness.
Make PDF file editing an easy and intuitive operation that will save you a lot of valuable time. Easily modify your documents and give them for signing without turning to third-party options. Focus on relevant duties and increase your document managing with DocHub starting today.
[Music] here were gonna look at forward contracts now a forward contract is a contract between a seller and a buyer where the seller agrees to sell an asset like a commodity to a buyer in the future at a price thats specified now now the seller agrees to deliver this asset in the future where the buyer agrees to purchase the asset in the future and when the contract signed no physical exchange takes place until the specified date Ill go through an example of how to record a forward contract on a balance sheet from both the sellers perspective in the buyers perspective and well look at the contract date when the asset is exchanged and revaluation or amortization of any discount or premium required for the contract and when were referring to an asset on this contract were going to really be looking here at a commodity such as oil green or any other commodity okay to record this forward contract on the contract date looking from the sellers perspective here this is where we created