Which statement is correct regarding capital account? I. On the credit side of this account receipt of foreign exchange due to Foreign Direct Investment (FDI) Foreign Capital Investment (FCI) and Foreign Borrowing (FB) is recorded. II. On the debit side of capital account payment of foreign exchange due to Direct Investment Abroad (DIA) Portfolio Investment Abroad (PIA) and Foreign Lending (FL) is recorded.

• A. Only II                         
• B. Only I
• C. Both I & II       
• D. None of the above