Question : Repayment of loans to abroad is recorded 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, capital
Solution :
Repayment of loans to abroad is recorded on debit side of capital account.
Hence, Option D is correct.
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