What is used to ensure that balance-of-payments records are always in balance?
A) sum of squares recording system
B) bank reconciliation system
C) double-entry bookkeeping system
D) archival records system
E) multifactor recording system

Question

Quizplus · Accepted Answer

The double-entry bookkeeping system is used to ensure that balance-of-payments records are always in balance, as every transaction is recorded in at least two accounts (debit and credit), maintaining the balance.

What Is Used to Ensure That Balance-Of-Payments Records Are Always