Question : Under ______________, transactions of capital nature are recorded.
Option 1: Balance of payment
Option 2: Balance of trade
Option 3: Unilateral transfers
Option 4: Accommodating items.
Correct Answer: Balance of payment
Solution : Under balance of payment, transactions of capital nature are recorded. Hence, Option A is correct.
Question : Under ______________, transactions of capital nature are not recorded.
Question : It refers to those transactions that are undertaken to cover the gap in the balance of payment.
Question : _________ refers to difference between the amount of exports and imports of goods.
Question : ____________________ is an accounting statement that provides a systematic record of all the economic transactions between residents of a country and the rest of the world in a given period of time.
Question : It is a flow concept as it includes all items of flow nature.
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