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- A trading account is an investment account used to trade securities12. Key points about trading accounts include:
- It records sales and purchases of goods/services.
- It calculates gross profit or gross loss on the sale of goods.
- It is closed at the end of every accounting period.
- It is usually combined with the income statement3.
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 investment account. Trading accounts typically refer to accounts used to trade securities. Trading accounts require personal identification information and have minimum margin requirements set by FINRA.www.investopedia.com/terms/t/tradingaccount.aspA 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. A trading account may also refer to a primary account for a day trader.corporatefinanceinstitute.com/resources/career-ma…The following are some key points to understand about a trading account:
- It is a temporary account that records sales and purchases of goods/services.
- It is used to calculate the gross profit or gross loss on the sale of goods.
www.accountingcapital.com/basic-accounting/tradi… - People also ask
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