6. Official debt forgiveness should be recorded in financial account of the balance payments.
举一反三
- The official settlements balance or balance of payments is the sum of the current account balance and the capital account balance.
- Bad debt expense is recorded when an account is determined to be uncollectible.
- Governments normally are concerned when their country is running a surplus on the current account of their balance of payments. ( ）
- Using the direct write-off method, the bad debt expense that is recorded as a specific customer's account is determined to be noncollectible.
- In terms of balance of payments accounting, which of the following would be recorded as a debit entry? A: Exports of merchandise B: Exports of services. C: A foreigner's purchase of a S. Treasure bond. D: An increase in a S. citizen's account at a foreign bank.