Question

8. Which accounting statement shows the value of
invisible as well as visible exports and imports ?
(a) Balance of trade
(b) Budget
(c) Balance of payment
(d) Capital account​

Answer 1

Answer:

No, if deficit in current account is offset by the capital account, otherwise such deficit has to be met by following which is a cause for alarm.

Depleting Foreign Exchange reserves

Taking foreign Loans.

Answer 2

Answer:

balance of payment because in balance of payment both the import and export of visible goods is shown