Answer:
D) 4 billion British pounds
Explanation:
Trade balance or balance of trade can be defined as the difference between a country's export and import at a particular period of time.
It could be a deficit or surplus.
Deficit trade balance refers to when the export of a country is less than it's import. This means more products are imported that exported.
Surplus trade balance refers to when export of a country is more than the import.
Import is the bringing in of goods from a foreign country. This means a particular country purchase goods from another country.
Export is the sending out of goods to a foreign country. That is the selling of goods to another country.
Trade balance= Export- Import
=14 billion British pounds- 10 billion British pounds
=4 billion British pounds
The trade balance that occurs here is surplus trade balance where export is more than import.
Accounts payable - <u>Accurately tracking what's owed to suppliers, ensuring payments are properly approved and processing </u><u>payments</u><u>.</u>
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Accounts receivable - <u>The balance of money due to a firm for goods or services delivered or used but not yet paid for by customers.</u>
Answer:
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