Under the PSA reporting framework, __________________ is a measure that demonstrates whether the asset position of the public sector entity has been maintained.
A)net assets
B)the operating surplus or deficit
C)net equity
D)revenues.

Question

Quizplus · Accepted Answer

The operating surplus or deficit is a measure under the PSA reporting framework that demonstrates whether the asset position of the public sector entity has been maintained, as it reflects the difference between revenues and expenses, indicating the financial performance over a period.

Under the PSA Reporting Framework, __________________ Is a Measure That