The ________ is a double-entry bookkeeping system designed to measure and record all economic transactions between residents of one country and residents of all countries during a particular time period.
A) managerial accounting
B) international accounting
C) balance of payments
D) global books

Question

Quizplus · Accepted Answer

The balance of payments is the correct answer because it is the accounting record of all monetary transactions between a country and the rest of the world. These transactions include exports, imports, foreign investments, and loans for a specific period.

The ________ Is a Double-Entry Bookkeeping System Designed to Measure