Classify whether the following trans actions will be recorded in current account or capital account.
- Purchase of shares of Tata by Microsoft.
- Imports of computer spare parts from America.
- Borrowings from World Bank.
- Repayment of loan by Indian Government taken from Japan.
- Gifts received from a relative in Australia.
- Purchase of Land in China.
- Import of machinery.
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Current Account: (i), (v), (vii);
Capital Account: (i), (iii), (iv), (vi).
Capital Account: (i), (iii), (iv), (vi).
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