Describe Long Holding Period
Describe Long Holding Period briefly with suitable example?
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Long Holding Period: Whenever an investor buys an asset for 5 or more years, then it will be his long holding period. For illustration, a person invested in SBI FD for ten years with the rate of interest of 9%. Therefore, 10 years is his long holding period.
What is the meaning of drawing in financial accounting?
Atypically large proceeds made by an individual or company from commercial activity. An abnormal profit exceeds the normal chance for profit derived from labor costs and capital and considered normal profit. Abnormal profit in a business resides of monopoly and consortium profits.
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