In the balance of payments debits are recorded as negative entries and credits are recorded as positive entries.

Name: In the balance of payments debits are recorded as negative entries and credits are recorded as positive entries.
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Debits refer to payments made or assets given, which decrease the balance of payments. As such, they are recorded as negative entries. On the other hand, credits refer to inflows or receipts, which increase the balance of payments, and are recorded as positive entries.

In the Balance of Payments Debits Are Recorded as Negative