Question : Payments of unilateral transfers from rest of the world is recorded on ______ side of __ account.
Option 1: Credit, current
Option 2: Credit, capital
Option 3: Debit, current
Option 4: Debit, capital
Answer (1)
19th Jan, 2024
Correct Answer:
Debit, current
Solution :
Payments of unilateral transfers from rest of the world is shown on the debit side of current account.
Hence, Option C is correct.
Comments (0)
Related Questions
Trending Articles/News
