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Recap of Overview of Financial Statements

What is the c...

Question

What is the capital account in the balance of payments?

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Solution

A capital account is a part of the balance of payments and it records all those transactions that are made by entities in one country with the different entities in the world.

Also read:

Balance of Trade Vs Balance of Payment

Balance of Payments Surplus and Deficit

Balance of Payment

Balance of Payments Formula

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Q. Foreign investments are recorded in the capital account of balance of payments.

Q. Which one of the following items is included in the capital account of the balance of payments of a country?

Q. Are the following entered (i) on the credit side or the debit side and (ii) in the current account or capital account in the Balance of Payments account? You must give reason for your answer.
(a) Investments from abroad.
(b) Transfer of funds to relatives abroad.

Q. Receipt and Payments Account is summary of all capital receipts and payments.

Q. Balance of payments always balances in an accounting sense.

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