Practicing Success
Which of the following account records all the transactions between the residents of the country and the rest of the world causing a change in assets and liabilities of the residents of the country or its government?
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Capital account Current account Errors and omission account Autonomous and accommodating accounts |
Capital account |
Capital account of BOP records all the transactions between the residents of the country and the rest of the world which cause a change in assets and liabilities of the residents of the country or its government. |