Freight charges paid by India to a foreign shipping company are recorded as

a debit under services in the current accountCorrect answerYour answera credit under servicesCorrect answerYour answera debit in the capital accountCorrect answerYour answera debit under goodsCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer A

Correct answer: A

Shipping is a transport service bought from abroad, so it is a services import: a debit.

Concept: Transport services
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsThe current account

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Ten questions from Balance of Payments, at your own pace.

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Ten questions from Balance of Payments, at your own pace.

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Freight charges paid by India to a foreign shipping company are recorded as

Explanation