Where will sale of machinery to abroad be recorde in the balance of payment accounts ........

Economics (CUET) Balance of Payments

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

Positive side (credit items).

Negative side (debit items).

Both (1) and (2)

None of these

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Explanation:

Option (1) is correct.
Explanation: Sale of machinery to abroad is a part of Current accounts. Current account records imports and exports of goods and services and unilateral transfers. Sale of
machinery to abroad leads to inflow of foreign and receipt from exports is shown on currency the positive side (credit items).