Question

In current account accounting, an export of goods or services is recorded as a:

पर्याय

• Factor income payment

• Debit (-)

• Credit (+)

• Unilateral transfer

Answer 1

Under the accounting rules for the current account, exports of goods and services generate receipts from abroad and are therefore recorded as Credits (+). Imports and payments, which flow out of the country, are recorded as Debits (-).