expenses in connection with foreign travel, education and medical care of parents, spouse and children ĭifference Between Current Account Transactions and Capital Account Transactions Basis.remittances for living expenses of parents, spouse and children residing abroad, and.payments due as interest on loans and as net income from investments,.payments due in connection with foreign trade, other current business, services, and short-term banking and credit facilities in the ordinary course of business,."current account transaction" means a transaction other than a capital account transaction and without prejudice to the generality of the foregoing such transaction includes,. Important PointsDefinition of Current Account Transactions: Key Points The correct answer is B and C only because both are current account transactions and the remaining others are capital account transactions.
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