Between the sums of the credit and the sums of the debit entries in the balance of payments accounts

So that they add to zero.

Vocabulary Notes to Text 14.7.1.3

Balancing item — балансирующая статья

2. credit/debit item — кредитная/дебетная статья

This is difficult to achieve for a number of reasons — трудно достичь по ряду причин

Recourse — обращение

14.7.1.4. Read the text “A Company’s Assets” and translate it in written form.

A Company’s Assets

A business accounting term. On the balance sheet of a company, everything that the company

Owns and which has a money value is classified as an asset, total assets being equal to total

Liabilities. Assets fall into the following categories, roughly in order of the extent to which realizing

their money value would disrupt the company’s business: (a) Current assets: cash, bank deposits

And other items that can readily be turned into cash, e.g. bills receivable, stock and work in

progress, marketable securities, (b) Trade investments: investment in subsidiary or associated

companies, (c) Fixed assets: land, buildings, plant and machinery, vehicles and furniture, usually

at cost less depreciation written off. (d) Intangible assets: goodwill, patents, etc. The assets of an

Individual are those possessions or the liabilities of others to him, which have a positive money

Value.

2. Financial assets are titles to cash, such as a bank deposit or income and/or capital gains.