Dec 2, 2022 11:06
1 yr ago
29 viewers *
English term
Algeria
Every Word Matters
Native in: Arabic (Variants: Algerian, Standard-Arabian (MSA)) 
Works in: English to Arabic
the stock of wealth of an economy
English
Bus/Financial
International Org/Dev/Coop
I'm having trouble understanding the text below.
What do the entries affect in the following context:
The balance sheet completes the sequence of accounts, showing the ultimate effect of the entries in the production, distribution and use of income, and accumulation accounts on the stock of wealth of an economy.
Do they affect "the stock of wealth of an economy"?
Here is the full context:
A balance sheet relates to the value of assets and liabilities at a particular moment of time.
The balance sheet completes the sequence of accounts, showing the ultimate effect of the entries in the production, distribution and use of income, and accumulation accounts on the stock of wealth of an economy.
The balancing item of a balance sheet is called net worth.
What do the entries affect in the following context:
The balance sheet completes the sequence of accounts, showing the ultimate effect of the entries in the production, distribution and use of income, and accumulation accounts on the stock of wealth of an economy.
Do they affect "the stock of wealth of an economy"?
Here is the full context:
A balance sheet relates to the value of assets and liabilities at a particular moment of time.
The balance sheet completes the sequence of accounts, showing the ultimate effect of the entries in the production, distribution and use of income, and accumulation accounts on the stock of wealth of an economy.
The balancing item of a balance sheet is called net worth.
Responses
3 hrs
Oliver Simões
United States
United States
United States
BA in Transl., MA in ESL, 15 yrs of exp.
Native in: Portuguese
Works in: English to Portuguese, Portuguese to English, Spanish to Portuguese, and 2 more.
Related KudoZ points
:
2
Selected
the valuation/estimate of wealth/richness of an economy
To me, the phrase in question sounds convoluted and doesn’t say much.
I would guess this is the definition:
stock: an estimate of valuation of something
https://www.merriam-webster.com/dictionary/stock
The sum of the individual balance sheets provides insights into the total wealth of an economy. (?)
I suggest asking the author for clarification.
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Note added at 4 hrs (2022-12-02 15:06:20 GMT)
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That is, assuming that every business files a tax return and declares the correct amounts!
I would guess this is the definition:
stock: an estimate of valuation of something
https://www.merriam-webster.com/dictionary/stock
The sum of the individual balance sheets provides insights into the total wealth of an economy. (?)
I suggest asking the author for clarification.
--------------------------------------------------
Note added at 4 hrs (2022-12-02 15:06:20 GMT)
--------------------------------------------------
That is, assuming that every business files a tax return and declares the correct amounts!
Note from asker:
| Thanks! |
2 KudoZ points awarded for this answer.
40 mins
Kauê Oliveira
Brazil
Brazil
Brazil
Master in Linguistics (USP)
Native in: Portuguese
Works in: English to Portuguese, Portuguese to English, French to Portuguese, and 1 more.
...showing the ultimate effect of the entries..., and accumulation accounts on the stock of wealth
In my understanding, "showing" relates to two segments: "the ultimate effect of the entries in the production...", and "accumulation accounts on the stock of wealth...". Therefore, the entries are related to "the production, distribution and use of income".
I hope it makes sense!
I hope it makes sense!
Note from asker:
| Thanks! |
| Thanks! |
Peer comment(s):
| neutral |
Oliver Simões
: You have repeated the term question instead of explaining it.
2 hrs
|
| neutral |
AllegroTrans
: How do you define "an economy"?
9 hrs
|
| neutral |
Yvonne Gallagher
: No, it doesn't (make sense). You haven't answered the question
22 hrs
|
Discussion
This text is extracted from Eurostat.