Are the following entered (a) On the credit side or debit side and (b) In the Current Account or Capital Account in the Balance of Payments Account?

(c) The current account consists of the balance of trade and balance of invisibles.

(c) Autonomous Payments over Autonomous Receipts

Components: (i) Borrowings and lending to and from abroad. (ii) Investment to and from abroad. (iii) Changes in foreign exchange reserves.

Balance of Payments Account shows a record of its sources and uses of foreign exchange. Two part of Balance of Payment Account are: (i) Current Account (ii) Capital Account

The transactions of current account of BOP are: (i) Export and import of goods (ii) Export and import of services (iii) Unilateral transfers.

Transactions recorded in capital account are-Balance of payments on Capital Account is a statement of all capital inflows and outflows, during the period of an accounting year. It includes: (i)...

Balance of trade account includes only visible items of trade. It is defined as the difference between export of goods and import of goods. Balance of trade account = exports...

Current Account- It is the account that records imports and exports of goods, services and unilateral transfers. Components of Current Account: (i) Merchandise account (ii) Invisible items, and (iii) Unilateral...

In trade account import and export of goods are recorded. In current account import and export of goods, and services are recorded. Factor income and transfer payment are also recorded.

Debit, Realisation