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A nations current account measures how much it lends or borrows from the world. A country where imports run ahead of exports is also spending more than it produces and must borrow abroad to make up the difference.
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Why balance of payment is always balanced?
balance of payments consists two accounts namely current account and capital account. The current account deals with import of visible and invisible items and unilateral transfers. a surplus in this accounts makes a country's BOP a surplus and a deficit in this accounts indicates that the country's BOP is deficit. The capital account indicates the capital movements of that country with other countries. it also shows the countries gold and other reserves. a surplus and a deficit in the current accounts increases and decreases the reserve and so the balance of payments is equalised always. so when we say that BOP is deficit we mean only the current account in the BOP. because BOP will always be equalised.
What are the main summary statements of the balance of payments accounts and what do they measure?
you suck
A measure of profitability is the?
current retio
What is the best measure of the value of output of an economy?
A country's gross domestic product (GDP) is a measure of a country's overall economic output.
How can automobiles be used to measure a country's standard of living?
No we cannot measure the living standard of any country through the use of automobiles.
Current ratio would normally increased by?
The current ratio is an accounting measure of liquidity and is defined by: Current Assets / Current Liabilities In order to increase the current ratio, either increase current assets (e.g. cash, inventory, accounts receivable) or to decrease current liabilities (e.g. accounts payable, notes payable).
Is accounts recievable a current liability?
Accounts receivable is a current asset, never a current liability.
Does zakat deduct from current accounts?
Foreign currency and current accounts are exempted from this deduction.
My bank asked if I want to open a current accounts what does this mean?
A current accounts is one of the two primary components of the balance of payments, the other being capital account. This type of account is used to increase the country's net foreign asset.
Why balance of payment is always balanced?
balance of payments consists two accounts namely current account and capital account. The current account deals with import of visible and invisible items and unilateral transfers. a surplus in this accounts makes a country's BOP a surplus and a deficit in this accounts indicates that the country's BOP is deficit. The capital account indicates the capital movements of that country with other countries. it also shows the countries gold and other reserves. a surplus and a deficit in the current accounts increases and decreases the reserve and so the balance of payments is equalised always. so when we say that BOP is deficit we mean only the current account in the BOP. because BOP will always be equalised.
Is accounts receivable a current or non current assets?
Current assets
Payment of accounts payable increase or decrease current ratio?
It depends from which source accounts payable are clearing if it is from current asset then it will reduce the current ratio
What country uses customary units of measure?
Examples: USA, UK and the majority of their current or ancient colonies.
What is another name for up to date?
Current. Are the accounts current?
Who offers business current accounts?
There are a few banks that offer business current accounts. HSBC Bank is one of the most popular banks that offer these types of accounts to their customers.
What accounts are not classified in the current assets section of the balance sheet?
Accounts payable.
What is the difference for account receivable and accounts payable?
When company make sales in credit it creates the accounts receivable while when company purchases on credit it creates the accounts payable so accounts receivable is current asset while accounts payable is current liability.
