Question

A transaction that results in an increase in its account is known as a(n): A.) BOP...

A transaction that results in an increase in its account is known as a(n): A.) BOP DEBT B.)CAPTIAL FLOW C.) BOP CREDIT D.) ASSET ACCRETION

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Answer- The correct option is C ie., BOP Credit. BOP or better known as balance of payments refers to the transactions that occur between an entity and some other foreign country. If the exports are more than imports, income that are receivable from abroad are more than payables, any transfers from abroad are more than transfers to abroad etc. then BOP is in surplus and vice versa. Hence any transaction that increades the BOP surplus is called a BOP credit.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Classify the following transactions (current account transaction, financial account transaction), the sign of entry (plus or...
Classify the following transactions (current account transaction, financial account transaction), the sign of entry (plus or minus/ debit or credit). Choose one country of reference . a). Walmart issues a corporate bond in the UK b). A German tourist rents a car in Iceland c). A U.S. worker in Canada wires money back to his family in the U.S. d). A French company builds a plant in South Africa e). Toyota exports cars to Spain.
1. All of the following accounts are increased with a debit except: a. unearned revenue b....
1. All of the following accounts are increased with a debit except: a. unearned revenue b. land c. Account Receivable d. cash 2. A credit to the cash account will increase the account? T/F 3. Normal balance are the side that increase the account balance. T/F 4. All the following accounts are increase with a credit except. a. supplies b. account payable c. owners captial d. fees earned c. fees earned
A transaction the cause asset of comapny A to increase by 192000 and the libilities to...
A transaction the cause asset of comapny A to increase by 192000 and the libilities to increse by192000. Which of the following transactions could have cause of this to occur? A The company collect 192000 cash for performing a service B The company lent 192000 in cash to a customer C The company purchased land and a building for 200,000 paying 8000 in cash and signing a note for 192000 D The shareholders invested 192000 in the company
1. Gore Inc. sold $7,200 of merchandise on account, terms 2/10,n/30. If the customer paid the...
1. Gore Inc. sold $7,200 of merchandise on account, terms 2/10,n/30. If the customer paid the amount owed within the discount period, the entry to record the receipt of cash would include a: debit to cash of $7,200 debit to sales discount of $144 credit to accounts receivable of $144 credit to accounts payable of $7,056       2.   Cost of goods sold:             A) Is another term for sales.             B)   Is the term used for the cost of buying...
For expenses, the category of account and its normal balance is ________. A) equity and a...
For expenses, the category of account and its normal balance is ________. A) equity and a credit balance B) assets and a debit balance C) assets and a credit balance D) equity and a debit balance    The Accounts Receivable account of Brownstone, Inc. has the following postings: Accounts Receivable 23,000 3,000 2,000       Calculate the ending balance of the account. A) $28,000 debit B) $25,000 debit C) $3,000 credit D) $22,000 debit    The Accounts Payable account of...
Transaction Analysis: Match each of the following transactions of L. Boyd & Company with the appropriate...
Transaction Analysis: Match each of the following transactions of L. Boyd & Company with the appropriate letters, indicating the debits and credits to be made. The key for the letters follows the list of transactions. 1. Stockholders contributed cash to the business. Example Answer: A and F 2. Purchased equipment on account. 3. Received and immediately paid advertising bill. 4. Purchased supplies for cash. 5. Borrowed money from a bank, giving a note payable. 6. Billed customers for services rendered....
Gadgets, Inc. purchased equipment for resale on account for $32,000. Which option describes the correct way...
Gadgets, Inc. purchased equipment for resale on account for $32,000. Which option describes the correct way to record the transaction? Select one: a. increase (debit) equipment and credit (increase) accounts payable b. increase (debit) equipment and decrease (credit) cash c. increase (debit) inventory and increase (credit) accounts payable d. increase (debit) inventory and credit (decrease) cash
Han’s Supplies’ bank statement contained a $180 NSF check that one of its customers had written...
Han’s Supplies’ bank statement contained a $180 NSF check that one of its customers had written to pay for supplies purchased. Required a. Show the effects of recognizing the NSF check on the financial statements by recording the appropriate amounts in a horizontal statements model like the following one: (In the Cash Flow column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity and NA to indicate the element is not affected by...
1)A credit to a liability account was posted to the capital account. This would cause: A)...
1)A credit to a liability account was posted to the capital account. This would cause: A) assets to be overstated. B) liabilities to be understated. C) owner's equity to be understated. D) net income to be overstated. 2) A credit to an asset account was posted to an expense account. This would cause: A) assets to be overstated. B) liabilities to be understated. C) capital to be understated. D) expenses to be understated. 3) A debit to an expense account...
Grayton Industries purchased supplies for $1,200. They paid $500 in cash and agreed to pay the...
Grayton Industries purchased supplies for $1,200. They paid $500 in cash and agreed to pay the balance in 30 days. The journal entry to record this transaction would include a debit to an asset account for $1,200, a credit to a liability account for $700. Which of the following would be the correct way to complete the recording of the transaction? a. Credit another liability account for $500. b. Credit the Grayton, Capital account for $500. c. Debit the Grayton,...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT