CameraIcon

SearchIcon

MyQuestionIcon

363

You visited us 363 times! Enjoying our articles? Unlock Full Access!

Financial Statements of NPO

Which account...

Question

Which account is opened by a trader in a bank for his business operation?

Open in App

Solution

Trading account is opened by a trader in a bank for his business operations. A Trading account can hold securities, cash and other investment vehicle just like any other brokerage account. Trading account refers to a trader's primary account.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Answer in one sentence only.

Which account is opened by a trader in Bank for his business operations?

Q. A sole proprietor decided to use the same bank account for his personal affairs as for his business. Which of the following accounting principles is violated?

The owner writes a cheque in his favor for withdrawal of money from bank for business. Which account shall be debited in this case?

Q. Ravi opened his account in a bank by depositing Rs 136000. Next day he withdrew Rs 73129 from it. How much money was left in his account?

Q. Which of the following bank accounts is mainly used by Traders?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Financial Statements of NPO

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Financial Statements of NPO

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon