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Distinguish between current account and ...

Distinguish between current account and capital account of BOP account.

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Current account records (i) export and import of goods, (ii) export and import of services and (iii) unilateral transfers. As against it capital account records capital transfers in the form of (i) borrowings, (ii) sale of assets and (iii) change in stock of gold and reserves of foreign currency.
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Knowledge Check

  • Capital Account is a

    A
    Natural Personal Account
    B
    Artifical Personal Account
    C
    Representative Personal Account
    D
    None of these

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