Which of the following ensures that balance-of-payments records are always in balance?
A) The sum of squares recording system.
B) The ledger entry model.
C) The double-entry bookkeeping system.
D) The archival records system.
E) The multifactor recording system.

Question

Quizplus · Accepted Answer

As the balance-of-payments record is maintained on a double-entry bookkeeping system, it must always be in balance.

Which of the Following Ensures That Balance-Of-Payments Records Are Always