Question

Explain Cash Account​

Answer 1

Answer:

A cash account with a brokerage firm requires that any securities transactions be payable in full from funds in the account at the time of the settlement. In accounting, a cash account, or cash book, may refer to a ledger in which all cash transactions are recorded.

Explanation:

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Answer 2

Answer:

A cash account with a brokerage firm requires that any securities transactions be payable in full from funds in the account at the time of the settlement. In accounting, a cash account, or cash book, may refer to a ledger in which all cash transactions are recorded.