answersLogoWhite

0


Best Answer

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.

User Avatar

Wiki User

βˆ™ 10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are the basic objectives of preparing the trading account?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

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


Basic objectives of mnc's?

objectives of mncs


Is the advice free on Option Trading Strategies website?

"Many financial firms offer free basic financial advice on their websites. However, if you need detailed information on trading, especially for option trading strategies, you either must have an account with the financial firm or you are required to open up a fee-based account with a company that offers strategic financial advice."


What are the basic objectives of knowledge process outsourcing?

the basic objectives of outsourcing is to satisfy byers and coder without any misunderstanding between byer and coder the basic objectives of outsourcing is to satisfy byers and coder without any misunderstanding between byer and coder


What are the objectives of basic education curriculum?

Basic education improve the knowledge of the student


What do you do in forex training?

During Forex (Foreign Exchange) training you will learn basic trading techniques, risk control, and opening and managing a live trading account. There are different training programs available so I suggest you thoroughly research what training program is best for you.


Can you invest in stocks in India?

Yes definitely you can provided1. You have a valid PAN card2. You have a DEMAT/Trading account and most importantly3. You have cash.Answer:Absolutely, its very simple to invest in stock market in India. The basic things required to start investing are: 1. A trading account from a reputed broker in India2. A demat account and3. A web-enabled bank account linked to your trading account.Reputed broking firms like GEPL Capital provides all the above facilities. In addition, they also have an online trading platform for their customers to conveniently trade from their homes. They also have a dedicated team of experts to guide their customers in the process of investing in stock market.


What are some basic principles behind forex currency trading?

There are several different basic strategies behind Forex Currency Trading. The main principle is predicting trends in the currency graphs before trading a currency.


Is there anyplace online that offers fx training?

Forex-training.com provides detail courses on FX training. The courses outline basic trading techniques, risk control, and managing a live account.


What is a basic balance?

A basic balance is the net balance of the combination of a current account and a capital account in a balance of payments.


What are 3 basic steps in preparing muffins?

make the batter, put it in the pan, then cook.


What are the basic needs served by financial system?

payment, risk trading,