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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 
 


Team Careers360 1st Jan, 2024
Answer (1)
Team Careers360 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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