Post each of the following transactions to Thailands Balance of Payments as a debit or a credit
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Question:
Post each of the following transactions to Thailand’s Balance of Payments as a debit or a credit and identify whether each BOP transaction is a component of the Current Account, Capital Account, Financial Account or Official Reserve Account.
Transactions | Debit/Credit | Account: Merchandise/Service/Net Investment Income/Unilateral Transfer/Capital/Financial/Official Reserves |
Spending by Japanese tourists at Dream World | ||
Investments in plant expansion in Bangkok by a Chinese firm | ||
Sales of rice to Canada | ||
Purchase of oil from Saudi Arabia | ||
Hotel bills of Thai tourists in Paris | ||
Remittances by Cambodians working in Thailand to relatives in Cambodia | ||
Social Security payments to Thais living in Italy | ||
Purchase by French of Thai stocks | ||
Interest earnings on loans to Argentina | ||
Increase in Thai bank loans to Mexico | ||
Increase in holding of Japanese yen by the Bank of Thailand | ||
Increase in Arab bank deposits in Bangkok | ||
Economic aid to Pakistan | ||
New investment in a German chemical plant by Thai Chemical Corporation | ||
Deposits in Swiss banks by Thais |
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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