Balance of Payments MEANING : Balance of payment can be defined as systematic record of all economic transactions between the residence of one country and the residence of another country during a given period of time.Economic transactions can broadly be categorized in to four heads which are: 1. VISIBLE ITEMS : visible items include all those tangible goods which can be imported and exported. These are visible as they are made up of some matter or material. this is known as merchandise also.
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basic sense‚ a payment is the exchange of money‚ or exchange items of value between parties. According to Wikipedia‚ a payment system on the other hand is regarded as a “system” because it employs methods to substitute physical money for items such as cheques and letters of credits. In recent years‚ the electronic information age has led to the development of a vast number of new electronic payment methods that include electronic banking cards‚ electronic fund transfer systems and direct transfers
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PAYMENT OF CUSTOM DUTY : e-PAYMENT PO INVOICE • • • • • BOE • • • INVOICE NO. • DATE DETAILS • PO NO. OF • IMPORTER IMPORTER’S NAME • IMPORTER’S DETAILS CHA • DETAILS OF THE ITEM VESSEL‚PORT • PRICE COUNTRY OF ORIGEN • OF NO OF BILL PAYMENT TERMS BILL OF LADING / LADING • PACKAGING DETAILS HAWB PACKAGING DETAILS INVOICE NO • ICEGATE stands for the Indian Customs Electronic Commerce/Electronic Data interchange (EC/EDI) Gateway. ICEGATE is a portal that provides e-filing services
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BALANCE OF PAYMENTS Contents 1 Composition of the balance of payments sheet 1.1 Variations in the use of term "balance of payments" 1.2 The IMF definition 2 Imbalances 2.1 Causes of BOP imbalances 2.2 Reserve asset 2.3 Balance of payments crisis 3 Balancing mechanisms 3.1 Rebalancing by changing the exchange rate 3.2 Rebalancing by adjusting internal prices and demand 3.3 Rules based rebalancing mechanisms 4 History of balance of payments issues 4.1 Pre-1820: mercantilism 4.2 1820–1914:
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General George Smith Patton. Patton was born in San Gabriel‚ California on November 11‚ 1885. From a young age Patton was told of his ancestors fighting in the Civil War‚ Revolutionary War‚ and the Mexican war. And ever since then he has wanted to become a hero. George attended the Virginia Military Institute for one year then went off to West Point and graduated from there on June 11‚ 1909. On May 26‚ 1910‚ he married Beatrice Ayer‚ whom he dated while at west point. In 1912 he went to the Stockholm
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Balance of payment Most of exports and imports involve finance i.e. receipts and payments in money. An account of all receipts and payments is termed as Balance of Payments (BOP). According to Kindle berger‚ "The balance of payments of a country is a systematic record of all economic transactions between the residents of the reporting country and residents of foreign countries during a given yeriod of time". The balance of payment record is maintained in a standard double-entry book-keeping
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BALANCE OF PAYMENT (BOP) Introduction: Balance of payments (BOP) is a record of economic transitions between the residents of one country and the rest of the world during one year. The balance of payment like all balance sheets must balance. The items‚ which lead to‚ an inflow of foreign earnings are placed on the credit side of the balance sheet‚ whereas the items‚ which give‚ rise to an outflow of foreign currency are placed on the debit side. Definition: “Balance of payment is a systematic
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We assessed the strengths and weakness of each potential employee relative to the job description of assistant manager based on position requirements and have decided to interview Sharon Fuller‚ Lane Konrad and Lacey Drummond. The job description being a brief description of responsibilities‚ tasks and duties expected to be followed by the employee in that position (William‚ p. 223). The job description is a list of straight forward guidelines that employers are expecting the potential employees
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George S. Patton George S. Patton was an American who participated in the Olympics‚ the Pancho Villa Expedition‚ and in both World Wars. He was considered a hero by many people back then‚ and is still considered a hero by much of the population today. Although there were a few things that transpired that made him seem unheroic‚ he is still a major hero because of his contribution in history both as a citizen and as a soldier‚ and his sense of Self Sacrifice for the greater good. George S. Patton was
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