Which of the following is NOT one of the four primary elements of the public sector financial reporting framework?
A)Assets.
B)Liabilities.
C)Revenues.
D)Equity.

Question

Quizplus · Accepted Answer

The four primary elements of the public sector financial reporting framework are assets, liabilities, revenues, and expenses. Equity is not a primary element in the framework, as it is in the private sector financial reporting framework.

Which of the Following Is NOT One of the Four