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- Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A trading account is an online investment account that traders use to purchase securities and monitor trades. It allows investors to buy and sell securities such as shares, commodities, foreign exchange, etc., in the public market.corporatefinanceinstitute.com/resources/career-ma…In a trading concern, purchases are the expenses of buying finished goods to sell them further. Suppose any of these purchased goods are returned to the supplier. In that case, the corresponding amount is titled as ‘purchase returns’ or ‘returns outward,’ and is subtracted from purchases to obtain net purchases.tothefinance.com/trading-account-in-accounting/
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WebA trading account is used to record the sale and purchase of goods/services. This temporary account closes at the end of each …
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WebJan 31, 2024 · What Is a Trading Account? The trading account shows the result of buying and selling goods. This account determines the gross profit or the gross loss of a trader at the stage of final accounts …
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