Identify the following items as credit or debit transactions on Balance of Payments account

cbse-class-12

#1

Identify the following items as credit or debit transactions on Balance of Payments account:
Exports, imports, borrowing from rest of the world, lending to the rest of the world, import of software services.


#2

Credit side of BoP:
(i) Exports (Current account).
(ii) Borrowing from rest of the world (Capital account).
Debit side of BoP:
(i) Imports (Current account).
(ii) Lending to the rest of the world (Capital account).
(iii) Import of software services (Current account).