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Question : Receipts from services like insurance , banking, etc., is written on ________ side of __ account.
 

Option 1: Credit, current 
 

Option 2: Credit, capital
 

Option 3: Debit, current 
 

Option 4: Debit, capital 
 


Team Careers360 20th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

Correct Answer: Credit, current


Solution : Receipts from services like insurance , banking, etc., is shown on the credit side of current account.
Hence, Option A is correct.

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