Question

Where will sale of machinery to abroad be recorded in the balance of payment accounts?

पर्याय

• Positive side (credit items).

• Negative side (debit items).

• Both Positive side (credit items) and Negative side (debit items).

• None of these

Answer 1

Positive side (credit items)

Explanation:

Machinery sales to foreign countries are included in current accounts. Imports and exports of goods and services, as well as unilateral transfers, are recorded in the current account. Sales of machinery to foreign countries result in foreign currency inflows, and receipts from exports are positive (credit items).