Question : Repayment of loans by foreigners is recorded on ________ side of _________ account.
Option 1: Credit, current
Option 2: Credit, capital
Option 3: Debit, current
Option 4: Debit, capital
Answer (1)
13th Jan, 2024
Correct Answer:
Credit, capital
Solution :
Repayment of loans by foreigners is recorded on credit side of capital account.
Hence, Option B is correct.
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