What are the two proprietary fund types?
(1) Internal service funds.
(2) Investment trust funds.
(3) Enterprise funds.
(4) Agency funds.

A) 1 and 2.
B) 2 and 3.
C) 1 and 3.
D) 2 and 4.
E) 1 and 4.

Question

What are the two proprietary fund types?
(1) Internal service funds.
(2) Investment trust funds.
(3) Enterprise funds.
(4) Agency funds.

A) 1 and 2.
B) 2 and 3.
C) 1 and 3.
D) 2 and 4.
E) 1 and 4.

Quizplus · Accepted Answer

Proprietary funds include internal service funds and enterprise funds, which are used to account for a government's business-type activities.

What Are the Two Proprietary Fund Types