Carina 
A trade surplus occurs when a country exports more goods and services than it imports. This happens when the value of a country’s exports is greater than the value of its imports. A country with a trade surplus is said to have a “favorable” trade balance, while a country with a trade deficit is said … Read more
The Generally Accepted Principles and Practices (GAPP) is a set of standards that provides guidance on how businesses should operate. It covers areas such as financial reporting, internal controls, and risk management. The GAPP standards are developed by the American Institute of Certified Public Accountants (AICPA). They are voluntary guidelines that are not enforceable by … Read more
A taxpayer is that natural person who has his rights and obligations in front of a public agent derived from the taxes that he owes (normally, and in the case of Spain: Treasury). The taxpayer must take charge of the tributes that must pay in order for the state to finance itself. The payment that … Read more
