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    Question

    Export of the Machinery recorded on

    the:
    A Debit side of Current Account Correct Answer Incorrect Answer
    B Credit side of Current Account Correct Answer Incorrect Answer
    C Credit side of Capital Account Correct Answer Incorrect Answer
    D Debit side of capital Account Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Export of the Machinery recorded on the Credit side of Current Account.Current account refers to an account which records all the transactions relating to export and import of goods and services and unilateral transfers during a given period of time.

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