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Difference between capital account and current …

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Difference between capital account and current account

Posted by Rohan Thakur 4 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Yogita Ingle 4 years, 1 month ago

Difference. The balance of payment account is broadly divided into two sub accounts – Balance of payment on Current Account and Balance of payment on Capital Account. Simply put, current account of BOP is that account which records export and import of goods, export and import of services and unilateral transfers (Real transactions). Capital account of BOP is that account which records transactions relating to purchase and sale of foreign assets and of foreign liabilities during a year (Financial transactions).Balance of payments has four components (items), namely, (i) exports/imports of goods, (ii) exports/imports of services, (iii) unilateral transfers, and (iv) capital receipts/payments.

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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