Which of the following ensures that balance-of-payments records are always in balance?
A) The balance sheet record
B) The ledger entry model
C) A double-entry bookkeeping system
D) A deficit-surplus record system
E) An import/export bookkeeping system

Question

Quizplus · Accepted Answer

Because the balance-of-payments record is maintained on a double-entry bookkeeping system, it must always be in balance.

Which of the Following Ensures That Balance-Of-Payments Records Are Always