when import of a country decrease and export increase it is known as favourable balance of of payment and vice versa
the balance of trade is how much you receive the balance of payment is how much you pay
The balance of trade.
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.
balance of payment is the difference between exports and imports so if Australia's exports trade balance exceeds its imports trade balance then it is positive
Balance of trade
Favourable variance is that variance which is good for business while unfavourable variance is bad for business
Some seeds cannot germinate under favourable condition is called seed dormancy whereas some seed cannot germinate in unfavourable condition is called seed quiscence.
There is a difference between: Worksheet and Balance Sheet
There is a difference between: Worksheet and Balance Sheet
Given a specific event, a favourable outcome is when that event occurs. A possible outcome is an event that can occur.
It means the difference between the budgeted or estimated direct labour cost at the start of work activity with the actual direct labour cost at the end of activity or fiscal year. If budgeted cost is more then the actuall then it is favourable variance otherwise it is unfavourable direct labour cost variance
what is the difference between balance n product modulator
speelling
There is no difference between Contingent Liability and Off Balance Sheet Liability.
Actual balance is the real balance while avialable balance is the physical balance
However, if there is a material difference between the expected and actual balance, the auditor will investigate this difference further. At this point the auditor will develop an explanation for the difference.
The difference between adjusted and Un-adjusted trial balance is that in adjusted trial balance the items of balance sheet and income statement are randomly but in adjusted trial balance the items are in tabular form.