_____ Which of the following is not one of the three major categories of fund types?
A) Governmental funds.
B) Proprietary funds.
C) Enterprise funds.
D) Fiduciary funds.
E) None of the above.

Question

_____	Which of the following is not one of the three major categories of fund types?
A) Governmental funds.
B) Proprietary funds.
C) Enterprise funds.
D) Fiduciary funds.
E) None of the above.

Quizplus · Accepted Answer

Enterprise funds are actually a type of proprietary fund, not a separate major category of fund types. The three major categories are governmental, proprietary, and fiduciary funds.

_____ Which of the Following Is Not One of the Three