ACCOUNTS

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24 January 2011 WHAT IS CURRENT ACCOUN AND ACCOUNT CURRENT?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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25 January 2011 The current account balance is one of two major measures of the nature of a country's foreign trade (the other being the net capital outflow). A current account surplus increases a country's net foreign assets by the corresponding amount, and a current account deficit does the reverse. Both government and private payments are included in the calculation. It is called the current account because goods and services are generally consumed in the current period.

THE ACCOUNT CURRENT BELONGS TO A summary of the performance of each individual insurance agent in the company. The account current is written and issued by the insurance company each year so the agents can see their total commissions earned, policy cancellations and premiums paid.

Read more: http://www.investopedia.com/terms/a/account-current.asp

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