Indian real estate company received rent from Google in New York the transaction will be recorded on ……………..side of ……… account
a) Credit, current
b) Credit, capital
c) Debit, capital
d) Debit, current
Anurag Pathak Changed status to publish August 26, 2021
Ans – a)
Explanation:- The rent received from google by an Indian real estate is the income received out of assets in abroad. This transaction is recorded as an inflow of foreign exchange at the credit side of the current account.
Anurag Pathak Changed status to publish August 26, 2021