Which of the following is not a classification of the net asset accounts of a proprietary fund?
A)Invested in capital assets, net of related debt
B)Restricted both externally and internally
C)Encumbrances
D)Unrestricted

Question

Which of the following is not a classification of the net asset accounts of a proprietary fund?
A)​Invested in capital assets, net of related debt
B)​Restricted both externally and internally
C)​Encumbrances
D)​Unrestricted

Quizplus · Accepted Answer

Encumbrances are not a classification of the net asset accounts of a proprietary fund. The other classifications are Invested in capital assets, net of related debt, Restricted both externally and internally, and Unrestricted.

Which of the Following Is Not a Classification of the Net