Multiple Choice Questions on An Indian real estate company received rent from google in New York This transaction would be record........... for 12th Standard Preparation

Introductory Macro Economics

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Indian Economy - Understanding the basics of Indian economic system

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    An Indian real estate company received 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
    Explanation:

    It is an income out of Investment. It is recorded as income receipts at credit side under invisible trade in current account

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