In context with Banking, which among the following is a correct with regard to Merchandise Credit and Merchandise Debit?

Deepika • 5.41K Points
Tutor III Economic

Q. In context with Banking, which among the following is a correct with regard to Merchandise Credit and Merchandise Debit?

(A) Merchandise credit relate to export of goods while merchandise debit represent import of goods
(B) Merchandise credit relate to import of goods while merchandise debit represent export of goods
(C) Merchandise credit relate to procurement of goods while merchandise debit represent sale of goods
(D) Merchandise credit relate to sale of goods while merchandise debit represent procurement of goods

Correct Answer - Option(A)

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