On which account of BOP is import of machinery recorded? Please explain the reason also.
Dear Student
The import and export of all goods including machines is recorded in the current account of balance of payment.machinery is a good (visible item) therefore recorded in the current account of BOP
Regards
The import and export of all goods including machines is recorded in the current account of balance of payment.machinery is a good (visible item) therefore recorded in the current account of BOP
Regards