State whether the following transaction would be a debit or a credit entry in BOP account of India.
Expenditure on education by a student in USA.
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Transactions relating to inflow of foreign exchange will be recorded on the credit side and outflows of foreign exchange on the debit side.
Debit Side: (ii), (v), (vi); Credit Side: (i), (iii), (iv).
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Answer:
credit card will be the ans
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