Borrowing of rest of the world would be recorded as
Account
(BOP Fill up the blanks with correct allomate)
(a) Credit, capital
(1) debit, capital
(c) credit, current
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Answer:
debit,capital
Explanation:
Borrowing of rest of the world from our country is a OUTFLOW and it AFFECTS THE ASSETS that's why it will be recording under DEBIT side of CAPITAL ACCOUNT.
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