CREDITS and DEBITS in Balance OF PAYMENTS Accounting (2)

our presentation of credit and debit items generally uses the analytic framework followed by the international monetary fund its annual assemblage of balance-of-payments statistics for 184 member countries and certain terminology employed by the U.S department of COMMERCE in its presentation of U.S .DATA .Items are grouped into the four major categories discussed below .
category I: CURRENT ACCOUNT ,CREDIT items (+ sign) consist of exports of goods and services income (such as interested and dividends) received from investments abroad as well as other income (for example,wages) earned abroad , and a " unilateral transfer" item representing gifts received from abroad . Debit items (- sign ) are imports of goods and services , income paid to other countries residents from foreign in investment and foreign factor services in the home country , and unilateral transfers representing gifts sent abroad.
category II: changes in reserve assets of official monetary authorities (central bank) .If foreign central banks acquire asset (e.g.,bank account) in the home country ,this is a credit item ;a decrease is a debit . on the other hand ,if the home country is central bank acquires international reserve assets or asset of other countries (e.g., foreign bank deposits), this is treated as adebit item in balance-of payments accounting ; asale of or decrease in such asset is a credit.