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Preparation of the Current Account for Balance of Payment Instruction: Use the details below to complete the Current Account Ledger of the Balance of Payments Total Export Goods Total Export Services Total Import Good Total Import Services Debit to Primary Income Debit to Secondary Income Credit to Primary Income Credit to Secondary Income 1,200.00 980.00 3,500.00 500.00 1,000.00 100.00 1,200.00 320.00

Preparation of the Current Account for Balance of Payment Instruction: Use the details below to complete the Current Account Ledger of the Balance of Payments Total Export Goods Total Export Services Total Import Good Total Import Services Debit to Primary Income Debit to Secondary Income Credit to Primary Income Credit to Secondary Income 1,200.00 980.00 3,500.00 500.00 1,000.00 100.00 1,200.00 320.00

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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BALANCE OF PAYMENT Preparation of the Current Account for Balance of Payment Instruction: Use the details below to complete the Current Account Ledger of the Balance of Payments Total Export Goods Total Export Services Total Import Good Total Import Services Debit to Primary Income Debit to Secondary Income Credit to Primary Income Credit to Secondary Income 1,200.00 980.00 3,500.00 500.00 1,000.00 100.00 1,200.00 320.00 Use the ledger below to fill in the data in the appropriate cell. Credit Debit Export Goods Services Imports Goods Services Primary Income Secondary Income Balance on Current Account
Transcribed Image Text:BALANCE OF PAYMENT Preparation of the Current Account for Balance of Payment Instruction: Use the details below to complete the Current Account Ledger of the Balance of Payments Total Export Goods Total Export Services Total Import Good Total Import Services Debit to Primary Income Debit to Secondary Income Credit to Primary Income Credit to Secondary Income 1,200.00 980.00 3,500.00 500.00 1,000.00 100.00 1,200.00 320.00 Use the ledger below to fill in the data in the appropriate cell. Credit Debit Export Goods Services Imports Goods Services Primary Income Secondary Income Balance on Current Account
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