Question

What is a capital account in simple words

Answer 1

The capital account, in international macroeconomics, is the part of the balance of payments which records all transactions made between entities in one country with entities in the rest of the world. ... In accounting, the capital account shows the net worth of a business at a specific point in time.

Answer 2

Explanation:

the capital account is the part of the balance of payments which record all transaction between enitites in one country with enitites in the rest of the world in accounting .It also shows the net worth of a business at a specific point in time