Q.The statement which discloses a record of transactions between the residents of one country and residents of foreign country :

The statement recording transactions between residents of one country and foreign countries is the Balance of Payment, so the correct option is (b).

The balance of trade and balance of payments chapter in the Tamil Nadu HSC Commerce syllabus distinguishes between these two records.

• The Balance of Payment (BoP) is a systematic record of all economic transactions (visible goods, invisible services, and capital transactions) between the residents of a country and the residents of the rest of the world during a period. …