A primary distinction between the flow of resources through a business enterprise and through a governmental entity is that operations in a governmental entity consume resources and assets to

what is pooling of Interest Method?

Probable future sacrifices of economic benefits arising from an entity's present obligations to transfer resources or provide services to other entities in the future as a result of past transactions or events defines: Multiple Choice assets. liabilities. equity. retained earnings.

According to the IPSASB's Conceptual Framework, how would you define an "asset"? Please select the right answer. Sorry, your answer was not correct! A resource owned by a public sector entity as a result of past events and from which future economic benefits are expected to flow to the enterprise A resource presently controlled by a public sector entity as a result of past events A resource owned and controlled by a public sector entity as a result of past events and from which service potential is generated None of the above