Since the balance of payments is presented as a system of double-entry bookkeeping,
A)every credit in the account is balanced by a matching debit.
B)every debit in the account is balanced by a matching credit.
C)every credit in the account is balanced by a matching debit and every debit in the account is balanced by a matching credit.
D)none of the options

Question

Quizplus · Accepted Answer

Double-entry bookkeeping requires every transaction to have both a debit and a credit entry. Therefore, every credit in the balance of payments account must be balanced by a matching debit, and vice versa. This ensures that the balance of payments always remains in balance.

Since the Balance of Payments Is Presented as a System