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- Examples of trading accounts include12:
- Cash Accounts
- Marginal Trading Accounts
- Options Trading Accounts
- Forex Trading Accounts
- Commodity Trading Accounts
- Derivatives Trading Accounts
- Managed Trading Accounts
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.There are various types of trading accounts, including: Cash Accounts Marginal Trading Accounts Options Trading Accounts Forex Trading Accounts Commodity Trading Accounts Derivatives Trading Accounts Managed Trading Accountswww.boutiquetradingstrategies.com/account/exam…Types of Trading Account
- Equity trading account: This is the most common type of trading account where you can buy, sell, and trade stocks, derivatives, and commodities.
upstox.com/learning-center/trading-account/tradin… - People also ask
Activities which generate revenue for the business, such as Sales of Services or Goods, Closing Stock, are shown on the credit side (Right). In contrast, activities that are part of the cost of goods sold, such as purchasing raw materials, opening stock, direct expenses, etc., are shown on the debit side (Left). … See more
A trading account is used to record the sale and purchase of goods/services. This temporary account closes at the end of each accounting period. The purpose of the trading account is to show the gross profit or gross loss made in a particular time period. The … See more
When preparing a trading account, closing entries are typically recorded in a journal proper. These entries transfer the balances of various temporary accounts, such as revenue and expense accounts, to the appropriate permanent account, such as the owner’s … See more
- 1. Carriage inwards is debited to the trading account, whereas Carriage outwards is debited to the profit & loss a…
- 2. Gross profit can be shown with the help of an equation as well,
- 3. Return … See more
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