Which of the following funds of a government uses the same basis of accounting as a proprietary fund?
A) Permanent fund.
B) Investment trust fund.
C) Special revenue fund.
D) Capital projects fund.
Correct Answer:
Verified
Q18: Internal service funds should not account for
Q19: Proprietary funds follow the current financial resources
Q20: A statement of revenues, expenses, and changes
Q21: Internal service funds should be used only
Q22: GASB standards require that interfund receivables and
Q24: GASB requires the statement of cash flows
Q25: When a supplies internal service fund records
Q26: Unlike the General Fund and other major
Q27: Consistent with accounting in capital projects funds,
Q28: The comprehensive annual financial report (CAFR) of
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