Giving reason, state whether the following statement are true or false.
Foreign exchange received on account of export of sugar will be recorded in current account.
Foreign exchange received on account of export of sugar will be recorded in current account.
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True.Explanation:
It is so because export of sugar is a export of goods which is a component of current account.
It is so because export of sugar is a export of goods which is a component of current account.
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