Multiple Choice Questions on An Indian real estate company receives rent from Google in New York This transaction would be n........... for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

An Indian real estate company receives rent from Google in New York This transaction would be n...........

Economics (CUET) Balance of Payments
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    An Indian real estate company receives rent from Google in New York. This transaction would be recorded on_____________side of ______________account.

     

    credit, current

    Correct Answer

    debit, capital

    Incorrect Answer

    credit, capital

    Incorrect Answer

    debit, current

    Incorrect Answer
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    Explanation:

    Option (1) is correct.
    Explanation: It is an inflow of money and it is recurring in nature.

    By: Milap Bansal
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