The prescribed format for the presentation of the statement of financial position of a govemmental...
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Accounting
The prescribed format for the presentation of the statement of financial position of a govemmental fund adheres fo the following equation: Assets and deferred inflows of resources minus liabilities and deferred outfiows of resources equals net position Assets and doferred inflows of resources minus liabilities and deferred outfows of resources equals fund balance Assets and deferred outfows of resources minus tiabilties and deferred inflows of resources equals fund balance Assets and deferred outfows of resources equals liabilities and deferred infliows of resources plus fund bafance
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