Balance of payments accounting system Definition of Balance of payments accounting system: Each year, countries purchase trillions of dollars goods, services and assets from each other. The balance of payment accounting system is a double-entry bookkeeping system designed to measure and record all economic transactions between residents of one country and […]
Read more![Balance of payments accounting system](https://i0.wp.com/bankingallinfo.com/wp-content/uploads/2020/04/Balance-of-payments-accounting-system.png?resize=360%2C270&ssl=1)