Double entry principle, errors and omissions

The fundamental method for compiling the balance of payments is the double recording of foreign trade transactions, which is based on the fact that each registered transaction corresponds to a payment in one form or another, and the balance of payments and receipts should converge. The double accounting system used in the preparation of the […]

Approaches to pricing in the global market

The world market is characterized by a multiplicity of prices. As a rule, the price of the world market is taken as the price of large systematic and sustainable export and import transactions concluded in the main centers of international trade by exporters or importers of the goods concerned on the terms of payment in […]