What are Enterprise funds used for?
A) To account for pension and employee benefit funds for which the governmental unit is the trustee.
B) To report resources that are legally restricted so only earnings, not principal, may be expended, and for purposes to benefit the government and its citizenry.
C) To account for most of the basic services provided by the governmental units.
D) To account for resources provided primarily through the use of sales and service charges to parties external to the government.

Question

Quizplus · Accepted Answer

Enterprise funds are used to account for resources provided primarily through the use of sales and service charges to parties external to the government. These funds are often used for business-type activities, such as providing utility services or operating a parking garage, and the charges generated by these activities are used to fund the associated costs.

What Are Enterprise Funds Used For