Question

What is memorandum Trading Account?

Answer 1

Explanation:

An special account used to hold excess margin from an investor's margin account. This type of account locks in unrealized gains and increases an investor's buying power. Also called special memorandum account.

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Answer 2

Memorandum Trading account is needed to locate the price of expected Stock. It is ready with the assist of Gross Profit ratio of the last 12 months, Opening Stock, Purchase, Sale, and Direct Expenses.

Explanation:

• The Memorandum Trading Account is much like regular trading account.
• It is ready from the start date of accounting 12 months and until the date of hearthplace accident.
• It isn't organized as in line with double access device of booking.
• A trading account is an account with holdings which includes cash or securities which might be used for the reason of purchasing and promoting assets.
• Trading money owed perform below the Financial Industry Regulatory Authority (FINRA), wherein account sports are operated inside a single day for 5 enterprise days.
• FINRA regulations require sample day traders to fulfill an eligibility criterion earlier than starting a trading account.

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