Balance of Payments (BOP) - Introduction ↓
Since the balance of payment is based upon system of double-entry book-keeping, the total debits must equal to total credits. This is because two aspects of each transaction recorded are equal in amount but appear on opposite sides of the balance of payments account. In this accounting sense, balances of payments for a country must always balance.
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Tuesday, 30 November 2010
Why Balance of Payments of a Country Always Balances ?
Posted on 20:48 by Unknown
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