We have come across words like `gale‟ and `storm‟ in the account. Here are two more words for `storm‟: typhoon, cyclone. How many words does your language have for `storm‟?
Current Account- It is the account that records imports and exports of goods, services and unilateral transfers.
Components of Current Account:
(i) Merchandise account (ii) Invisible items, and (iii) Unilateral...
In trade account import and export of goods are recorded. In current account import and export of goods, and services are recorded. Factor income and transfer payment are also recorded.
(a) (i) Investment from abroad-It is entered to credit side.
(ii) Transfer of Funds to relatives abroad: It is entered to debit side.
(b) (i) Investment from abroad-Capital Account because...
Total number of students = 30
Number of students like football = 6
Number of students like cricket = 12
Thus number of students like tennis = 30 – 6 – 12 =...
The quoted statement indicates that the two families knew each other. They stayed nearby and were probably acquaintances. When the war was going on, some people left their homes to...