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Trading account questions and answers. It determines the gross profit or gross loss of the concern for that accounting year. Which of the following expense is added to the Cost of Purchase. The following are the balances taken from the books of Muhammad Zain Ammar Safdar Co.
How many forex trading days in a year. Is forex trading 24 hours. If the equity in your account falls below the required margin a margin call will not liquidate your trades.
Once it opens on Monday it is open 24 hours a day up to Friday midnight. Are shown on the debit side Left. Which of the following does NOT appear in the Trading Account.
Problems 4. Open a Demo Account in 5 min. Please mark the correct statements.
4 marks Total 20 marks Question aims. Trading account is a nominal account in nature. 1 2 marks c Explain the difference between trade and cash discount and how they are treated in the accounts.
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