What "balances" in the Balance of Payments accounting system are:

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The Balance of Payments accounting system involves the tracking of all transactions between a country and the rest of the world over a period of time. It is typically divided into two main components: the current account and the capital account. The current account includes all transactions related to the import and export of goods and services, as well as unilateral transfers (such as remittances or aid). The capital account, on the other hand, includes all transactions related to the acquisition or disposal of assets (both real and financial) between a country and the rest of the world. Thus, the "balances" in the Balance of Payments system are the current account balance and the capital account balance, which together determine a country's overall balance of payments position.

What "Balances" in the Balance of Payments Accounting System Are