The credit items shown in official account are:
(i) Foreign Short Term investments in home country
(ii) Foreign Long Term investments in home country
(a) Direct investment in the home country
(b) Foreign investments in securities of home country
(c) Foreign Government loans to home country

The current account balance includes two items
(i) Visible trade - Import and export of goods.
(ii) Invisible trade - Invisible service items like banking, shipping, insurance, travel and transportation.

The following are the debit items of Current Account.
(i) Goods Import Visible, and
(ii) Invisible Imports includes
(1) Transport services purchased from Foreign Countries.
(2) Banking services purchased from Foreign Countries.
(3) Insurance services purchased from Foreign Countries.
(4) Visit by our tourists to Foreign Countries.
(5) Other services purchased from Foreign Countries.
(6) Interest paid on loan in home country.

The Capital Account consists of three components :
(i) Private Capital
(ii) Banking Capital
(iii) Official Capital

Credit Items :
i. Goods Export (visible)
ii. Invisible exports
(1) Transport service sold abroad
(2) Banking services sold abroad
(3) Insurance service sold abroad
(4) Income received on Loan and Investment made in Foreign Countries.
(5) Expenses incurred by Foreign tourists in India.

A balance of payment surplus indicates that country's exports are more than its imports and its government and residents are savers.

Balance of payment is the principal tool for analyzing the monetary position of international trade of a country just like Receipt and Payment account of enterprise revealing the net effect of cash movements during in an enterprise to a particular period.