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sale of machinery to abroad is …

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sale of machinery to abroad is recorded in which account of BOP and on which side? i am comfused bcz it can be recorded in current account as export under trade balance but its stated to restore equilibrium govt takes borrow or sells its assets under capital account.... so which answer of mines would be treated as correct

Posted by Nishika Arora 6 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Vibhuti Kuhar 6 years, 7 months ago

It is counted on current account as sale of machinery is simply export .

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