Multiple Choice
Double-entry bookkeeping for the balance of payments requires that:
A) the current account always equal the balance of payments.
B) every transaction be recorded as a credit and a debit at the same time.
C) total credits always exceed total debits.
D) every transaction be recorded as either a credit or a debit.
E) total debits always exceed total credits.
Correct Answer:
Verified
Correct Answer:
Verified
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