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 […]

Market infrastructure

The market forms its infrastructure. Market infrastructure is a set of organizations, institutions, enterprises and services that serve and ensure the movement of goods and services, capital and labor, i.e. ensure the normal functioning of the market. It includes a network of commercial banks and other financial institutions; commodity and stock exchanges, trading houses, labor […]

Status, trends and problems of regional governance in the Republic of Belarus

Belarus is a unitary state with a territory in207.6 thousand square kilometers, divided administratively into 6 regions (Brest, Vitebsk, Gomel, Grodno, Minsk and Mogilev). The regions, in turn, include 118 districts (Table 4). Table 4 Resource requirements by component Administrative divisionsOf the Republic of Belarus (2001) Region Territory, thousand sq. km. Population, thousand people Districts, […]