Describe Anatomical Position. Explain Why Anatomical Position Is Used

question 36

Essay

Describe anatomical position. Explain why anatomical position is used.

---

Definitions:

Settlement Date

The day on which a trade is finalized, and the buyer must make payment and the seller deliver the asset.

Foreign Exchange Gain

Profit arising from the appreciation of a foreign currency relative to the functional currency in foreign currency transactions.

Settlement Date

The date on which a trade or financial transaction must be completed, with the transfer of the asset and payment.

Year End

The end of a fiscal year or accounting period, at which time companies close books and prepare financial statements.