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NextQ12

Read the following statements carefully : Statement 1 : Balance of Payment account is always balanced in accounting sense. Statement 2 : Autonomous transactions, restore balance in Balance of Payment account. In light of the given statements, choose the correct alternative from the following :

Introduction to Balance of PaymentsStudy Simplify SpecialPYQ1MCQ
Question 11

An Indian company receives a loan from a company located abroad. This transaction would be recorded on the __________ side of ___________ account in India's Balance of Payment. (Choose the correct alternative to fill up the blanks)

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