Question

Differnce between current account and drawings account

Answer 1

Answer:

Current Account shows the net income of the country, whereas Capital Account shows the change in the ownership of the nation's assets. Current Account is mainly concerned with receipts and payment of cash and non-capital items.

Explanation:

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Answer 2

Current Account shows the net income of the country, whereas Capital Account shows the change in the ownership of the nation's assets. Current Account is mainly concerned with receipts and payment of cash and non-capital items.


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