Components of the Balance of payments account

Discuss in detail the components of the Balance of payments account. Does the balance of payments account balance? If the account is in dis-equilibrium what can be done to bring the account into balance?

Discuss in detail the components of the Balance of payments account. Full topic: Does the balance of payments account balance? If the account is in dis-equilibrium what can be done to bring the account into balance? Explain your answer with relevant examples and arguments.