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Define balance of payment
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Define balance of payment
balance of payment is an accounting statement which provides a systematic record of all the economic transactions took place between resident of a country with abroad during a period of an accounting year here, economic transactions consists * visible items -export and import of goods * Invisible items- export and import of service -like banking, shipping, insurance etc... * unilateral transfers - gifts, grants, remittances
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Define balance of payment
balance of payment refers to all economic transactions that takes place between domestic country and rest of the world
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Define balance of payment
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Define balance of payment for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Define balance of payment covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Define balance of payment.
Define balance of payment for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Define balance of payment covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Define balance of payment.
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