Consider the following statements and identify the right ones. i. A double entry system of record of all economic transactions between the residents of a country and rest of the world is called balance of trade. ii. All transactions related to goods, services or income are classified as capital account. A. i only B. ii only C. both D. none

Consider the following statements and identify the right ones. i. A d

1.	Consider the following statements and identify the right ones. i. A double entry system of record of all economic transactions between the residents of a country and rest of the world is called balance of trade. ii. All transactions related to goods, services or income are classified as capital account. A. i only B. ii only C. both D. none
Answer» Correct Answer is: D. none