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What is derivates and types of derivatives?
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Answer / ameet narayankhedkar
Derivative: A financial contract whose value is derived from
the performance of assets, interest rates, currency exchange
rates, or indexes. Derivative transactions include a wide
assortment of financial contracts including structured debt
obligations and deposits, swaps, futures, options, caps,
floors, collars, forwards and various combinations thereof.
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The Actual Rent was 12000,in the month of Feb i had paid 15000 and in the month of march i had paid 3000. Pass the necessary Journal entry for this.
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