An Indian multinational company earns profits from factories located in the UK. It then acquires a UK-based firm that is owned by a US company. How will these transactions be shown in India’s balance of payments?
- Aa credit item in the current account; a debit item in the financial account
- Ba credit item in the financial account; a debit item in the current account
- Ca debit item in the current account; a credit item in the financial account
- Da debit item in the financial account; a credit item in the current account