Which of the Following Statements Regarding Fund Accounting Is True

Which of the following statements regarding fund accounting is true?

A) A typical town or county government has approximately the same number of funds as cities and states.
B) Fund-basis statements are presented for three categories of activities: government-wide, proprietary, and fiduciary
C) Each fund requires its own journal, but all funds post the information to a common general ledger.
D) While a business will typically have a single general ledger, the activities of governments are broken down into accounting subunits called funds.