Answer:
The answer is: B) Fund balance
Explanation:
The government balance sheet is different from a regular business balance sheet:
Fund balances = current assets and deferred outflow of resources - current liabilities and deferred inflow of resources
The government operating statement (equivalent to an of income statement in a company), also called Balance of Expenditures, Revenues and Other Financing Sources and Uses accounts consists of:
So the government uses different terms since they don't operate for profit, so their accounting is different, they have surplus instead of profit and deficit instead of loss.
