Foreign exchange received on account of export of Jute will be recorded in capital account.

True

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False

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Solution

The correct option is B False
Foreign exchange received on account of export of Jute will be recorded in the CREDIT (positive) side of the CURRENT account as it comes under export of visible items.

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State the following true or false:

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Foreign exchange received on account of export of Jute will be recorded in capital account.

The correct option is B FalseForeign exchange received on account of export of Jute will be recorded in the CREDIT (positive) side of the CURRENT account as it comes under export of visible items.

The correct option is B False
Foreign exchange received on account of export of Jute will be recorded in the CREDIT (positive) side of the CURRENT account as it comes under export of visible items.