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accounting vs balance of international payments

balance of international payments vs accounting

accounting and balance of international payments both are nouns.

Word NounAdjectiveVerbAdverb
accounting Yes No No No
balance of international payments Yes No No No
As nouns, balance of international payments is a hyponym of accounting; that is, balance of international payments is a word with a more specific, narrower meaning than accounting:
  • accounting: a system that provides quantitative information about finances
  • balance of international payments: a system of recording all of a country's economic transactions with the rest of the world over a period of one year
Other hyponyms of accounting include balance of payments, current account.
accounting (noun) balance of international payments (noun)
the occupation of maintaining and auditing records and preparing financial reports for a business a system of recording all of a country's economic transactions with the rest of the world over a period of one year
a system that provides quantitative information about finances
a convincing explanation that reveals basic causes
a statement of recent transactions and the resulting balance
a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
Difference between accounting and balance of international payments

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