Which one of the followings is not a category under Balance of Payments ?
A country's Balance of Payments (BoP) statement comprises the Current Account, the Capital and Financial Account, and the Official Reserve Account (along with Net Errors and…
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Which one of the followings is not a category under Balance of Payments ?
Answer and explanation
Correct answer C
A country's Balance of Payments (BoP) statement comprises the Current Account, the Capital and Financial Account, and the Official Reserve Account (along with Net Errors and Omissions). 'Drawings Account' is an internal accounting ledger used in sole proprietorships and partnerships to record personal withdrawals by owners and is not a category under the Balance of Payments.
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UGC NET Commerce