Examlex
How many of the following statements about the double-entry system are true?
i. The accounting equation should stay in balance
ii. At least one account should be debited and one account credited
iii. Credits should always be entered into the journal before debits
Net Exports
The net trade balance of a country, calculated by subtracting its total imports from its total exports.
Imports
Products and services imported from other countries for the purpose of selling them domestically.
Exports
Products or services that are created in one country and then sold to consumers in a different country.
New Home Construction
The process of building residential buildings, reflecting economic trends and influencing economic activity.
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