Balance of Payments Between Nations Is Based on Which of the Following

question 53

Multiple Choice

Balance of payments between nations is based on which of the following principles of accounting?

• A)Debit only.
• B)Credit only.
• C)Factor analysis.
• D)First in, last out.
• E)Double entry accounting.

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Definitions:

Universal

Pertaining to or applicable to all members of a class, group, or category; widely or generally applicable.

Coding Mechanism

The process by which genetic information encoded in DNA is translated into the amino acid sequences of proteins.

Homologous

Structures or genes in different species that are similar due to shared ancestry, indicating a common evolutionary path.

Labeled

Marked with a tag or identifier for purposes of identification or to track a substance in an experiment.