Economy, asked by YoungVenusClementIII, 1 month ago

why Balance of payment always in equilibrium?​

Answers

Answered by princess9339
1

Explanation:

the balance of payment is based upon system of double-entry book-keeping, the total debits must equal to total credits. This is because two aspects of each transaction recorded are equal in amount but appear on opposite sides of the balance of payments account.

Answered by bhargav200508
1

Explanation:

Since the balance of payment is based upon system of double-entry book-keeping, the total debits must equal to total credits. This is because two aspects of each transaction recorded are equal in amount but appear on opposite sides of the balance of payments account.

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