Sale of assets like sale of share of an Indian Company to a foreigner customer is a ___________ account. item on capital
This question was previously asked in
Shift 16/06/2023 3:30 PM - 6:30 PM
A
Visible
B
Debit
C
Current
D
Credit
Correct Answer
Credit
Detailed Explanation
- If a country has received money, this is known as a credit, and
- if a country has paid or given money, the transaction is counted as a debit.
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