A summary of all the receipts and payments of a country in international transaction is called

A summary of all the receipts and payments of a country in international transactions is called the balance of payment. It is a record of all the economic transactions between residents of a country and the rest of the world over a given period, typically a year. The balance of payments is divided into two main accounts: the current account and the capital account. The current account measures the flow of goods and services in and out of a country, while the capital account measures the flow of investment and financial transfers. The balance of payments is used to determine whether a country has a surplus or deficit in its international transactions, which can have important implications for its economy.