The balance of payments is an accounting statement known as a: ...

[tfester]

The balance of payments is an accounting statement known as a:
 a. trial balance.
  b. depreciation account.
  c. balance sheet.
  d. trade account.
  e. reconciliation statement.

Question 2

Which of the following will be recorded as a debit entry in the balance of trade in merchandise account?
 a. A U.S. car manufacturer selling a car to a resident of India.
  b. A pub owner in Liverpool importing vodka from a U.S. manufacturer.
  c. A U.S. textile manufacturer buying rawmaterial from farmers in Indonesia.
  d. A Chinese car manufacturer importing car engines and other spare parts from a U.S. manufacturer.
  e. A fashion designer from Michigan exporting readymade garments to a dealer in Copenhagen.

[s.meritte]

Answer to Question 1

c

Answer to Question 2

c

[tfester]

Great answer, keep it coming

[amandanbreshears]

YES! Correct, THANKS for helping me on my review