balance of visible trade 50cr
unilateral transfers 20cr
laons and borrowings 80cr
capital account 100cr
what is the value of balance of payment account?
Dear Students,
Balance of Payment = Current account balance + Capital Account balance + Ommission reserve
= (Visible trade balance + Net Unilateral Transfers) + 100cr
= (50cr + 20cr) + 100cr
= 70cr + 100cr
= Rs.170 cr
(Loan and borrowing should not be recorded as it is a part of capital account)
Regards.
Balance of Payment = Current account balance + Capital Account balance + Ommission reserve
= (Visible trade balance + Net Unilateral Transfers) + 100cr
= (50cr + 20cr) + 100cr
= 70cr + 100cr
= Rs.170 cr
(Loan and borrowing should not be recorded as it is a part of capital account)
Regards.