What is Balance of Payment (BOP) ? Why we study BOP ? Why it is important ?
409087
balance of payment is the document which has a complete record of the transactions that take place between the home country and rest of the world(ROW)\nit consists of the balance of trade which can be adverse , favourable or balanced , and thus by studying it we can correct deficits if any.\ni hope this helps!
395669
The satement of financial position is the same as the balance sheet. In it, you list your assets, liabilities and equity with their corresponding values.  Ask your accountant for specifics.
114378
Your confusion is understandable for someone who is not an accountant.  Those terms 'debit' and 'credit' (from your first 2 examples, at least) are relative to the BANK'S POINT OF VIEW not yours.  I'll explain.  The bank has a balance sheets with assets on the left and liabilities (things that it owes) on the right.  Assets must always equal Liabilities + Owner Equity (equity won't be explained here).  On the asset side, when a bank gains an asset, it receives a credit and when it loses an asset it receives a debit.  The reverse is true for liabilities.  When a bank gains a liability, it receives a debit, but it is credited when loses a liability.  When you take money out of your checking account, the bank loses assets and therefore records a DEBIT (remember, a loss of assets is a 'debit' on the asset side).  When you add money to your checking account, the bank gains assets, which is a CREDIT on the asset side. When you use a credit card, the store DEBITS your account because you have gained a liability, a promise to pay (remember, a liability goes UP when it is debited).  When you get a refund, your account is CREDITED because you have lost a liability (you are no longer obligated to pay that debt).  remember, a CREDIT on the liability side means that liabilities go DOWN!  So 'debit' and 'credit' don't mean 'down and up', it just refers to what action(s) is being taken and on what side of the balance sheet the action is taking place.
845959
No, 7% means you get charged 7% on your balance each year. Yes during the first years only about 10% of your payment if applied towards principle. Get with your bank and get an amortization schedule which would tell you exactly how much of each payment gets applied where.  E-mail me, I have an excel file if you want one.
27964
Credit: What it is, why it's important, how to maintain good credit, protecting yourself from credit fraud, etc\n\nMaybe lump it into a big "Personal Finance" course encompassing checking, savings, retirement plans, doing your taxes, credit, rent, credit cards, student loans, car loans, etc etc.\n\n[edit]\n\nThese may seem like easy concepts to some people, but there are alot, and I do mean alot, of people out there who have no idea about these things.  Many companies exploit this ignorance to make big profits.
564383
ARe you talking about "Kiting" I use one credit card to pay off the balance of another credit card , so I really do not have to make a real payment until I want to. Now that is using credit when credit is DUE!
255070
The principal portion of a P&I pymt (payment going both to principal and interest charged on the loan) is applied to the outstanding loan amount/principal. This REDUCES the balance of funds due. Also, called "paying down" a loan
491284
Debenture is a unsecured (that's critical) debt :).\nFeature:\nYou owe money\nIt probably carries a coupon which you have to pay\n\n\nRival
476659
The balance of payment defect is the differance between what should have been paid and what was paid.(Defedt= shortage) The current account defect is what is owed at the current date.  The differance should be the payment shortage and the other should be what is owed on the account.  Sounds like the account is in default.
928940
Look at the balance sheet
797751
It means holders of record. In other words it is paid to the person holding it on that date even though he/she may sell it before the payment date.
284196
It is an amount of money that you give an individual/institution that indicates you will make good on your commitment, once you have fulfilled your commmitment this money will be returned to you. This is applicable for bail bonds, visa bonds, performance bond (for supply contracts) etc.
782577
i think that the money that people owe to them are like stock/current asset than can be qiuckly turn into a cash. plus the more people get visa or mastercard the more people pay them interest rates and fees. which is the sales revenue, the more sales revenue, the better cause it covers their fixed costs.\ni  dont know if that helps at all, but i tried.
352071
Ok...this is an easy question with a complex answer.  Debit is latin for left and credit is anything that goes on the right.  Think about a balance sheet with assets on the left and liabilities and equity on the right.  To increase accounts on either side of the balance sheet, you have to use a debit/credit (which ever one corresponds to the side of the account that you are increasing).  Decreases in an account use the opposite placement.  For example to increase cash (an asset), you would use a debit.  Lowering cash would use a credit.  A note payable (a liability and on the right side of the balance sheet) is increased by crediting and decreased by debiting.  \n\nRemember that all income statement accounts close to Retained Earnings (an equity item and on the right side of the balance sheet).  Revenues and gains increase this account while expenses and losses decrease this account.  Therefore, revenues are credits (because they increase retained earnings when net income is closed to the balance sheet) and expenses are debits.  This is the best way I have of thinking about this relationship.  Hope it helps.
1136595
It's backed by a promise of reimbursement by governments so people feel comfortable exchanging it for goods and services.  By providing an easily agreed upon, exchangeable, and accessable means of exchange it facilitates all manner of transactions.\n\nBe more specific on "Why it works the way it works."  There's a lot of ways in which it works and even more whys.
1110830
Because even though they're off the balance sheet, they might affect the future cash flow and ability for the bank to meet requirements.  It might also have to do with reserve requirements and credit rating, but I didn't look those 2 up.
131390
You would list the entire balance of what is still owed at the date of the balance sheet.\n\nThe balance sheet is a snapshot in time of the company assets, liabilities, and equity.\n\nThe amount of the monthly payment would be deducted from the total balance of what is owed each time...but in the balance sheet you list all of what is still owed.\n\nHowever, if you are doing a classified balance sheet, you would list only what is owed within a year in the "current assets" section, and the rest in the "long term liabilities" section.