Visible and invisible items of debit and credit are the part of___________.a)Import-export policyb)Balance of paymentc)Balance of traded)Annual budgetCorrect answer is option 'B'. Can you explain this answer?

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Visible and invisible items of debit and credit are the part of___________.

a)
Import-export policy
b)
Balance of payment
c)
Balance of trade
d)
Annual budget

Correct answer is option 'B'. Can you explain this answer?

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Visible and invisible items of debit and credit are the part of______...

A BOP account, like a typical business account, is based on a double-entry system that contains two sides - The credit side and the Debit side. Any transaction which brings in foreign exchange (currency) is recorded on the credit side, whereas any transaction that causes a country to lose foreign exchange is recorded on the debit side.

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Visible and invisible items of debit and credit are the part of___________.a)Import-export policyb)Balance of paymentc)Balance of traded)Annual budgetCorrect answer is option 'B'. Can you explain this answer?

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