Ask Question
24 November, 17:39

Which of the following are recorded as credits, in the current account? A. Income received from foreign investments. B. Exports. C. Transfers received. D. All of the above. E. None of the above, since they are entered as debits.

+1
Answers (1)
  1. 24 November, 17:49
    0
    D. All of the above.

    Explanation:

    The current account is the account which records the exports and imports transactions plus it also involves one-way transfer i. e unilateral transfer

    The elements of the current account are as follows

    1. Exports of goods

    2. Imports of goods

    3. Income received from foreign investments

    4. Transfer received

    Hence, the D option is correct
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following are recorded as credits, in the current account? A. Income received from foreign investments. B. Exports. C. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers