0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What are the basic objectives of preparing the trading account?
The basic objective of preparing the trading account is so as to give a clear picture of the financial performance of the company at any one time. It gives details about how profits are being generated and how the debt levels are.
What is a commodity trading account for?
A commodity trading account is needed to trade commodities. One can use a commodity brokerage also, which would assist in the trading or purchasing of commodities.
What is the definition of a trading account?
A trading account is simply an account that allows you to buy or sell securities and/or company stock. It's what you need if you want to start investing on your own.
When does a trading account show a gross loss?
When there is more direct expenses then revenue earned by company then trading account will show gross loss.
What are the demate account?
Demate account is an account, which is opened to trade in share market. Without which trading cannot be done.
Preparing departmental trading and profit and loss account?
When preparing departmental trading and a profit and loss account, expenses must be taken into account first. These include departmental expenses, and common expenses, including administrative expenses.
What are the basic objectives of preparing the trading account?
The basic objective of preparing the trading account is so as to give a clear picture of the financial performance of the company at any one time. It gives details about how profits are being generated and how the debt levels are.
Who are the basic records used before preparing trading profit and loss accounts and balance sheet?
Basic records needed for preparing trading profit loss accounts and balancesheep is a trial balance.. A trial balance is the closing balances of each and every account entered in our ledger. Trading account shows us Gross profit while profit and loss account shows us net profit and in the end balance sheet shows us the Assets and Liabilities at the end of the financial year.. all direct expenses shown on trading accounts and direct income like sales shown in trading account while indirect exp and indirect income shown in p & L ac
Can GE stock be bought online?
Yes. If you have an online trading account, you can Logon to your online trading account and buy it.
What is a commodity trading account for?
A commodity trading account is needed to trade commodities. One can use a commodity brokerage also, which would assist in the trading or purchasing of commodities.
What is tarde account?
What Does Trading Account Mean?1. An account similar to a traditional bank account, holding cash and securities, and is administered by an investment dealer.2. An account held at a financial institution and administered by an investment dealer that the account holder uses to employ a trading strategy rather than a buy-and-hold investment strategy.Investopedia explains Trading Account1. Though trading accounts are traditionally thought to hold only stocks, a trading account can hold cash, foreign cash, securities and a number of other types of investments.2. Investors who use a number of trading strategies or have a number of brokerage accounts may separate their accounts in order to avoid confusion. One account may be a registered account for their retirement savings; another account may be a buy-and-hold account for their long-term stocks; another may be a margin account; and another may be a trading account used for conducting day-trading activities.
What are the procedures for preparing appropriation account?
appropriations in accounting
Is account trading allowed on Dragonfable?
No.
What is the definition of a trading account?
A trading account is simply an account that allows you to buy or sell securities and/or company stock. It's what you need if you want to start investing on your own.
What is a trading account and how do you use it?
A trading account is a bank account like a traditional one which holds cash including foreign and securities. It is used for people who are invested in stocks.
Can minor operate trading account?
You must be 18 to establish a trading account. If you are under 18 you can have an account assigned to your social security number but it must be a custodial account and a custodian will control the account until you are 18 years of age.
What is online trading account?
An online trading account is what you establish if you want to trade online. When you buy and sell stocks online, you use an online broker. There are many different types of accounts you can open online: individual and joint, custodial accounts for your children, and retirement accounts. In terms of online trading accounts, you must choose between a cash and margin account. I encourage you to wikipedia this further and do research to see which account suits you best.Answer:An online trading account allows you to buy/sell stocks, commodities, etc. online. For trading in stock markets it is necessary to have a trading account. An online trading account facilitates the user to trade from the ease of the home using internet. One can open an online trading account from reputed stock brokers in India like GEPL Capital.
