The Daily Horizon

Featured Article

What does 999 mean on gold bars?

999 – 24 Karat – Gold that is 99.99% pure. Is 999.9 pure gold? Fineness, in gold, silver and other precious metals, expresses the percentage of gold to ot...

Read Full Article Browse science

Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What does the gross profit method assume?

Keep in mind the gross profit method assumes that gross profit ratio remains stable during the period. Use projected gross profit ratio or historical gros...

How much is a 14K gold necklace worth?

and the weight of the 14k chain is 20 grams, then the melt price of the gold is worth $484.88. Subsequently, question is, how much is a 14k gold necklace ...

How can you tell if something is silver-plated or sterling silver?

If you do not see the sterling marking, the item is probably silver plated. Check the colouring of the item carefully; genuine silver is generally less sh...

How does inflation affect the balance sheet?

Inflation also causes balance sheet values to change, as rising inflation results in rising valuations for tangible assets. The value of cash and cash equ...

Can you put gold in freezer?

Smaller denominations of gold, especially coins, can easily be stored at home. Most clients say they will store it in a safe or lockbox, but we have had c...

Why is silver cyanide used in electroplating?

Sodium argentocyanide is a complex salt. Sodium silver cyanide is preferred to silver nitrate as an electrolyte for electroplating of an article with silv...

Which financial statement is completed in a worksheet?

The worksheet contains all the information for preparing financial statements. The income statement is prepared with data of debit and credit columns of t...

Is gold a recyclable resource?

Although their natural supply or the supplies of elements that go into producing various alloys are fixed, metals are highly recyclable and reusable. Prec...

What does ROC Stsnd for?

ROC stands for Russian Olympic Committee. Who can do ROC filing? As per Section 134 of the Companies Act, 2013 the financial statement, including consolid...