Proprietary funds utilize basis of accounting

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Reference no: EM1337117

Q1) Governmental units use which fund type to account for services provided to the general public on a user-charge basis?

A. Permanent fund

B. Enterprise fund

C. General fund

D. Internal service fund

Q2) Proprietary funds utilize what basis of accounting?

A. Cash

B. Accrual

C. Modified accrual

D. Budgetary

Q3) Funds that are used to account for activities similar to those often engaged in by profit-seeking businesses are:

A. capital project funds

B. special revenue funds

C. proprietary funds

D. agency funds

Reference no: EM1337117

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