Current account definition: an account of credits, debits, receipts, and expenditures between two individuals or companies, usually providing for settlement at the end of specified accounting periods.. See examples of CURRENT ACCOUNT used in a sentence.
Since the conventional current account uses cash-flow accounting, it is potentially devoid of economic meaning. Assessing foreign assets at market values and inEric O'Neill FisherYoungSoo WooSocial Science Electronic PublishingFisher, E. and Y. Woo (1997), `Meaningful Measures of the Current ...
When you open a savings account, you deposit your money into the account, and the bank pays you interest on the balance. The interest rate is typically higher compared to a current account because the funds in a savings account are not meant to be accessed frequently. Instead, they are int...
The current account of a country may be in the positive (surplus) or in the negative (deficit). If the exports are more than the imports, the current account will be in the surplus. If the country imports than it exports, the current account will be in the positive. Current account of...
The (current) account is unbalanced. A deficit occurs when more goods are imported than exported, meaning more money is paid to foreign buyers/countries than received from foreign vendors/countries. The current account is one of the three components of a country’sbalance of paymentssystem. The...
Bank Account Overdraft Overdraft on the bank account occurs when a person withdraws more than the balance they have in the bank account. Banks give such a facility to a few customers only and negotiate an overdraft limit beforehand. Also Read:Meaning and Types of Liabilities ...
aWe are all'in the same boat'and if we start learning from each other andd sharing what we have learned with others,perhaps we can get to where we're going faster. 我们是all'in同一boat'and,如果我们开始学会从彼此andd分享什么我们学会了与其他,或许我们可以有我们快速的地方去。[translate] ...
Individuals whose consumption is more income sensitive will increase their spending levels immediately after receiving an increase in pay. Materialism and the meaning of money, however, do receive some conceptual attention and should be distinguished from sensitivity of consumption to current income. ...
The current account includes the trade balance of a nation: the flow of exports and imports. The trade balance determines the difference in the value of exports and imports. What Is Considered a Capital Asset in Government Accounting? In government accounting, capital assets include government build...
short-term notes payable. This would be worth more investigation because it is likely that the accounts payable will have to be paid before the entire balance of the notes-payable account. Company A also has fewer wages payable, which is the liability most likely to be paid in the short ...