Business Money & Finance

Balance Of Trade And Balance Of Payments. What’s The Difference Between Them?

Nowadays, international trade is becoming a common practice. Thanks to globalization, we see that countries can engage in transactional activities with each other. In this case, there is a need to record such activities in a country‚Äôs financial report. Consequently, there are two distinctive statements in the accounting system. These statements are called Balance of […]