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What is trading account?
A trading account is an account similar to a traditional bank account, holding cash and securities, and is administered by an investment dealer.
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Asked 4/10/2012 10:38:11 PM
Updated 5/24/2016 11:28:07 PM
1 Answer/Comment
Edited by yumdrea [5/24/2016 11:27:50 PM]
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A trading account is an account similar to a traditional bank account, holding cash and securities, and is administered by an investment dealer.

Added 5/24/2016 11:28:07 PM
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"debased"?
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Debased is reduced in quality or value.
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What is purchases
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Updated 9/10/2015 5:57:19 PM
1 Answer/Comment
Purchases is a temporary account used in the periodic inventory system to record the purchases of merchandise for resale.
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