Question : Payment for the Imports a good is written on ________ side of __________ account.
Option 1: Credit, current
Option 2: Credit, capital
Option 3: Debit, current
Option 4: Debit, capital
Answer (1)
17th Jan, 2024
Correct Answer:
Debit, current
Solution :
Payment for the import of goods is it in on the debit side of current account.
Hence, Option C is correct.
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