Practicing Success
Which of the following options will be recorded in the "Capital account" of balance of payment account?
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1 and 2 1, 2 and 3 3 and 4 1, 2, 3 and 4 |
1, 2, 3 and 4 |
Capital account records all the transaction which affects the assets and liabilities of the countries. Whereas, current account records all the transactions of good and services and which are recurring in nature. As, all the options lead to change in the assets and liabilities status of the government. Thus, all will be recorded under the "Capital account" head. |