Balance of payments between nations is based on which of the following principles of accounting?
A)Debit only.
B)Credit only.
C)Factor analysis.
D)First in, last out.
E)Double entry accounting.

Question

Quizplus · Accepted Answer

The balance of payments between nations is based on the principle of double entry accounting, where every transaction is recorded as both a debit and a credit in different accounts, ensuring that the total debits and credits balance.

Balance of Payments Between Nations Is Based on Which of the Following