Question : Payment for services like shipping , banking, etc., is written on ________ side of ______ account.
Option 1: Credit, current
Option 2: Credit, capital
Option 3: Debit, current
Option 4: Debit, capital
Correct Answer: Debit, current
Solution : Payment for services like shipping, banking, etc., is recorded on the debit side of current account. Hence, Option C is correct.
Question : Receipts from services like insurance , banking, etc., is written on ________ side of __ account.
Question : Payment for the Imports a good is written on ________ side of __________ account.
Question : Receipts from exports of good is written on ________ side of ______ account.
Question : Investment to abroad is recorded on _______ side of ___ account.
Question : Investment from abroad is recorded on _______ side of _______ account.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile