CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Preparing Financial Statements of NPO-I

What is a bal...

Question

What is a balance of payments deficit?

Open in App

Solution

The deficit of the balance of payments is a circumstance wherein imports of goods and services surpass the exports of goods and services.
Also see:
Balance of Trade Vs Balance of Payment
Balance of Payment

Suggest Corrections

thumbs-up

0

Similar questions

Q. The interest payments as per the government budget during a year are

R s . 13, 500 c r o r e s

30 %

of primary deficit. Calculate fiscal deficit?

Q. (I) In Receipt & Payment A/c all receipts and payments are shown irrespective of the year to which they pertain.
(II) The difference at Dr. side of Receipt & Payment A/c account is known as surplus or deficit and deducted from capital fund.
(III) Income & Expenditure A/c is always accompained by balance sheet.

Select the correct answer.

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Accounting Treatment - I

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Preparing Financial Statements of NPO-I

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon