Question: Classify the transactions by specifying under which major account (current/capital/financial/reserves/errors) and which subcomponent of a major account each transaction falls, (2) identifying countries involved and
Classify the transactions by specifying under which major account (current/capital/financial/reserves/errors) and which subcomponent of a major account each transaction falls, (2) identifying countries involved and (3) correctly "crediting" or "debiting" to the two countries involved.
a) A Canadian tourist purchased a work of art in Italy.
b) An Indian Student bought an iPad made in China from BestBuy in Toronto.
c) A Canadian investor purchased US Corporate Bonds
d) Signaporean government provided scholarships to its students to study at University of Toronto
e) China-based company acquired an Alberta Oil sands project.
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