10 Views

Question : Addition of the foreign exchange reserves is recorded on the ______ side of ___ account.
 

Option 1: Credit, current 
 

Option 2: Credit, capital
 

Option 3: Debit, current 
 

Option 4: Debit, capital 
 


Team Careers360 18th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

Correct Answer: Debit, capital


Solution : Addition of the foreign exchange reserves is recorded on the debit side of capital account.
Hence, Option D is correct.

Related Questions

Chandigarh University Admissi...
Apply
Ranked #1 Among all Private Indian Universities in QS Asia Rankings 2025 | Scholarships worth 210 CR
Indrashil University | B.Tech...
Apply
Apply for B.Tech | AICTE Aproved | UGC Recognized | International Collaborations for Global Edge | 100% Placement Assistance
Amity University Noida MBA Ad...
Apply
Amongst top 3% universities globally (QS Rankings)
Graphic Era (Deemed to be Uni...
Apply
NAAC A+ Grade | Among top 100 universities of India (NIRF 2024)
Amity University Noida B.Tech...
Apply
Among Top 30 National Universities for Engineering (NIRF 2024) | 30+ Specializations | AI Powered Learning & State-of-the-Art Facilities
Amity University, Noida Law A...
Apply
700+ Campus placements at top national and global law firms, corporates, and judiciaries
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books