When responding to an EBS request from the SEC for Large Trader information, does the firm's EBS submission need to include the Primary Party Identifier and the Contra Party Identifier fields in the record layout?.Do the Large Trader Identification 1-3, Large Trader Identification Qualifier and Order Execution Time fields need to be included in a firm’s response to an EBS request made after the effective date of these fields for transactions that occurred prior to the effective date of the fields?.Should the Unidentified Large Trader number be populated in the Large Trader Identification 1, 2 or 3 field?.Will there be a new EBS requesting format for LTID?.Is there a way within the Blue Sheet Record Layout to distinguish a response to an LTID request versus a conventional Blue Sheet request?.For an Unidentified Large Trader, can the Large Trader Identification field be populated with the eight characters (starting with 'ULT'), followed by a dash ('-') and four zeros?.How should the Large Trader Identification 1-3 fields be populated when there are no suffixes?.If there are no LTIDs, how should the Large Trader Identification 1-3 fields be populated?.If an account has more than three LTIDs, how should this be reported in the Blue Sheets?.Is there is a maximum number of LTIDs per account?.For purposes of the SEC Large Trader Reporting Rule (SEA Rule 13h-1), how should Unidentified Large Traders be designated?.For purposes of the SEC Large Trader Reporting Rule (SEA Rule 13h-1), what is the format of the LTID and the optional suffix?.Popular Double Entry Bookkeeping ExamplesĪnother double entry bookkeeping example for you to discover.

The net effect of the contra entry journal is that the balance on the accounts payable ledger is cleared and a balance of 800 remains on the accounts receivable ledger, representing the net amount outstanding from the customer. The accounting equation is balanced by the debit entry to the accounts payable account which reduces a balance sheet liability account. In this case a balance sheet asset (accounts receivable account) is reduced by 200, representing the reduction in the amount due from the customer. This is true at any time and applies to each transaction.įor this transaction the Accounting equation is shown in the following table. The Accounting Equation, Assets = Liabilities + Owners Equity means that the total assets of the business are always equal to the total liabilities plus the owners equity of the business.

Contra settlement with supplier