BOP is comprised of the following $5$ subaccounts.

$[$A$]$ Current account

$[$B$]$ Capital Account

$[$C$]$ Financial Account

$[$D$]$ Net Errors and Omissions

$[$E$]$ Reserves and Related Items

Which of the following statement is True?

Group of answer choices

BOP imbalance $$ BOP deficit or surplus $-$ refers to the overall balance$($A$+$B$+$C$+$D$)$ from private sector.

Financial Account must balance.

BOP does not necessarily balance, i$.$e$.,$ sum of $[$A$+$B$+$C$+$ D$+$E$]$ can be positive or negative in large numbers.

The current account must balance, i$.$e$.,$ cash inflows should be equal to cash outflows from current account transactions.

Approximately, current account deficit is cancelled out by the sum of capital surplus or vice versa.