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What is a trading accounts?

Updated: 4/28/2022
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Yuvrajkalambe

Lvl 1
10y ago

Best Answer

A Trading Account is an account that shows the gross profit of or loss of a manufactures or retail buisness. Sales less than the cost of sales. This is an account similar to a traditional account.

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Wiki User

10y ago
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Patrickchyma1910

Lvl 2
2y ago

It is an account that shows gross profit or loss for the year ended. It is also known as comprehensive income statement.

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Wiki User

15y ago

When businesses receive goods with terms like 20/10, n/30.

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Related questions

What is net trading?

Net Trading Assets = Accounts Recievable + Inventory - Accounts Payable


What is net trading assets?

Net Trading Assets = Accounts Recievable + Inventory - Accounts Payable


What are online trading accounts used for?

Online trading accounts are accounts that are accessible online with access to money, so one can do their own stock trades or invest in investments. Keep in mind there are different types of accounts that allow different types of trading.


Difference between trading accounts and non trading account?

a company who is engaged in the business of purchase and sale of any product then they will prepare trading account in order to know their trading profit.but the company who is not engaged in the business of purchase and sale like service providing company, they are providing their services only then they will prepare on P/L A/c not trading account.I have no idea to what the above statements are referring to, but in relation to runescape, trading accounts would be in itself, trading accounts (switching accounts with another player). Non-trading accounts I would assume to be an account banned from trading with other players.


What are trading accounts used for?

Trading accounts are used by businesses to manage their financial affairs and to keep the money all accountable and traceable. The use of them means that auditing accounts is easy.


How many online trading accounts are there in the US?

There are hundreds of thousands of online trading accounts in the US. Before opening an online trading account, be sure to do your research to see which brokers have the best offers and services for your individual trading needs.


What is assets trade?

Net Trading Assets = Accounts Recievable + Inventory - Accounts Payable


Which are the direct expenses in trading accounts?

What is the meaning of Freight.


Can anyone gave there account to you in aqw?

They can, but trading accounts will result in those accounts being disabled/ suspended.


What is turnover in accounts?

Turnover is sales both domestic and export and is reflected in Trading Account of the Company in accounts.


How do you you change your account on RuneScape get million?

If you mean as in trading accounts, that is against the rules of Runescape.Do some economic activity, such as mining, woodcutting, fishing, or perhaps trading; you should be able to get a million in a few days.If you mean as in trading accounts, that is against the rules of Runescape.Do some economic activity, such as mining, woodcutting, fishing, or perhaps trading; you should be able to get a million in a few days.If you mean as in trading accounts, that is against the rules of Runescape.Do some economic activity, such as mining, woodcutting, fishing, or perhaps trading; you should be able to get a million in a few days.If you mean as in trading accounts, that is against the rules of Runescape.Do some economic activity, such as mining, woodcutting, fishing, or perhaps trading; you should be able to get a million in a few days.


If any1 quits RuneScape can I have it?

No, No, No, No, No, No, No, No, No, and NO!!!!!!!!!!!!!!!!!!!!! Trading accounts is against the rulebook and will get you banned.