The difference between the value of imports and exports of a country is the balance of trade. It is a country's largest component of balance of payments.

A balance of payments deficit means there is an imbalance in the balance of payments of a country where the payments the country makes are more than the payments they received. It means the balance of payments is negative.

A balance of payments deficit is,when government expenditure is more than government revenue

A balance sheet is a ledger that records the checks and balances of all transactions.

Prepare a Balance sheet for hypothetical company

dial *123# and you will get in reply, plan name and available balance