Home
Class 12
ECONOMICS
Where will sale of machinery to abraod b...

Where will sale of machinery to abraod be recorded in BOP accounts? Give reason.

Text Solution

Verified by Experts

Sale of machinery to abroad refers to exports of goods. Therefore entered on the credit side of current account of BOP as it corresponds to infow of foreign exchange.
Promotional Banner

Topper's Solved these Questions

  • BALANCE OF PAYMENTS

    RADHA BHUGANA|Exercise CONCEPTUAL QUESTIONS|6 Videos

  • BALANCE OF PAYMENTS

    RADHA BHUGANA|Exercise HIGHER ORDER THINKING SKILLS|7 Videos

  • BALANCE OF PAYMENTS

    RADHA BHUGANA|Exercise MULTIPLE CHOISE QUESTIONS|12 Videos

  • AGGREGATE DEMAND, AGGREGATE SUPPLY AND RELATED CONCEPTS

    RADHA BHUGANA|Exercise UNSOLVED NUMBERICAL|10 Videos

  • Banking

    RADHA BHUGANA|Exercise Short Answer Type Questions|2 Videos