SpletAccounting. Accounting questions and answers. 1.> Trading Account is prepared to know: Select one: a. Financial Position of business b. Net Profit or Loss of business c. Gross Profit or Loss of business d. Both (A) or (B) 2. Management accounting is not bound by the accounting standards. Select one: True False. Splet05. sep. 2024 · Trading Account: An account Is prepared to know the gross profit or gross loss of the business, at the end of the accounting year. which is known as Trading Account. Trading Account indicates profit or loss only for transactions related with goods. therefore the result is known as gross profit or gross loss. Following particulars to be shown In ...
is prepared to know the financial position of the business. - BYJU
SpletTo know the gross profit, Trading Account is prepared and to find out the operating profit and net profit, Profit and Loss Account is prepared. Positional statement is another term used for Balance Sheet. The position of assets and liabilities of the business at a particular time is determined by Balance Sheet. Objective and Importance: Splet27. dec. 2024 · You need to have a trading account to buy and sell financial instruments. What is a Trading Account? A trading account is an investment account for transacting … ccc womens ice hockey standings
How to Find the Secure App for Stock Market Trading?
Splet08. jan. 2024 · Have you ever wondered how successful traders make their fortunes in the markets? In this episode of The Derivative Podcast, we explore the world of trend following with a master in the field, Andrew Strasman. Here first-hand about his journey as a trend follower, from his early days in the trading pit to his experience in the real estate market … Splet11. apr. 2024 · This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of ... SpletNormally the financial statements are prepared at the end of the financial year. Trading account includes the items of purchase and sale of trading goods and direct expenses. … ccc womens lacrosse standings