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accounting vs balance of payments

balance of payments vs accounting

accounting and balance of payments both are nouns.

Word NounAdjectiveVerbAdverb
accounting Yes No No No
balance of payments Yes No No No
As nouns, balance of payments is a hyponym of accounting; that is, balance of payments is a word with a more specific, narrower meaning than accounting:
  • accounting: a system that provides quantitative information about finances
  • balance of 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 international payments, current account.
accounting (noun) balance of 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 payments

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