Question

balance of payment is always balance in accounting sense different or refute the statement with valid reason​

Answer 1

Answer:

ADVERTISEMENTS: This is because two aspects (debits and credits) of each transaction recorded are equal in amount and appear on the opposite sides of the balance of payments account. In the accounting sense, balance of payments of a country must always balance.

Explanation:

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Answer 2

Answer:

i think this is right answer

Explanation:

The balance of payment of a country must always be in equilibrium, a surplus on one account must be met with a deficit of equal magnitude on the other. Thus, the sum of the capital account and the current account must always be zero leading to a balance in the BOP in accounting sense.

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