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What is the difference between trading business and service business?
Wiki User
∙ 11y ago
Trading businesses and service businesses
Wiki User
∙ 11y ago
Regina Fata
trading business and services business
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What are the types of Business Operation in Accounting?
1.)service 2.)merchandising,/ trading 3.)manufacturing
What is the difference between trading invoice and sales invoice?
I've never really ran across this, but my understanding, and I do hope that I am at least close is: A trade invoice is an invoice dealing with a "trade", product for product or service for service, even product for service and vice versa. (no cash is involved.) Where a "sales" invoice is pertaining to a cash/product or cash/service transaction.
Difference between trading account and manufacturin account?
Manufacturing account, on the other hand, is a financial statement which shows production costs
What is Non-Trading Concerns?
non trading means which is not related with our business.for eg. we are investing in shares of another company but our main business is manufacturing pen.
How do you compute gross profit?
Gross profit is the difference btwn trading revenues (i.e. sales, closing stock etc.) and trading expenses (i.e. purchases. opening stock, freight, wages, etc.) + Earned Revenues (from the sale of the usual business products or services) - Cost of Goods Sold (the direct cost of the business product or services that were sold above) -------------------------- = Gross Profit (also called Gross Margin)
What is the difference between retail and trading?
Trading is used to acquire goods from the people who produce them, and the retail sales business is how these goods are then sold to the general public.
What difference between trading and service firm?
Trading firms are businesses that buy goods which will be resold to its buyers. Trading firms usually have inventories of goods to be resold. Service firms do not have these inventories. Service firms derive their revenue from services which they provide to customers. For example, the revenue of accounting firms relate to fees from conducting audits in organizations. For income statement of service firms, revenue from these services is reported as fees earned (or service revenue). Net operating revenue for service firms is the difference between the fees earned and the operating expense involved in offering the services. If you are interested in trading or you need trading services I suggest you to look at 5markets.com It offers trading services in currencies, commodities and indices, highly competitive trading conditions and superior customer support.
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 the difference between international market and global market?
international market refers to us as a medium of trading your product in another country whiles global market is where your goods ,service, labor and financial market led to business activities in the whole world
What is difference between day trading and intraday trading?
Day trading is the act of trading intraday. There really isn't any difference. Only different terminologies used by different people.
Chapter 5 Nature of business operations?
There are 4 types of Nature of Operations for businesses. They are: - Retail/trading - Service - Manufactoring - Mixed business This is what the business does basically. So for example, a hairdressers would be a service because they are providing a service to customers. A supermarket would be retail/trading as they are providing us with things to buy. :)
Types of business operations?
1.service 2.merchandising/trading 3.manufacturing.
What are the types of Business Operation in Accounting?
1.)service 2.)merchandising,/ trading 3.)manufacturing
What business is CMC Trading involved in?
CMC Trading offers online trading in Foreign Exchange, spread betting and Contract for difference. CMC Trading was founded in 1989 and is a UK based financial derivatives dealer.
What is the difference between margin trading and credit given by stock brokers?
Credit given by stockbrokers IS margin trading.
What does the day trading term arbitrage trading mean?
Arbitrage trading is trading that takes advantage of a difference in price between two or more different markets, to make a profit equal to the difference in the market prices. Arbitrage trading is useful in banks and brokerage firms.
What is commodity trading or exchange?
commodity trading is the trading of primary products on exchange. spot trading and future trading of comodities are done to take advantage of difference between current and future prices.
