Revenue cycling in the SNA

The results of the functioning of the modern market system are focused on the formation of incomes and are largely  determined by them. Therefore, the SNA should reflect the processes of income circulation. The movement of income ensures the functioning of the economy. Expenses associate production with a change in assets and liabilities – accumulated […]

Types of trade and intermediary operations and trade Intermediaries

Depending on the nature of the relationship between producer-exporter, consumer-importer and reseller, the following types of trade and intermediary operations can be distinguished: resale operations; commission operations; agency operations; brokerage operations. Let us consider in more detail these types of operations. Resale operations. Are carried out by the reseller on his own behalf and at […]