Which of the following would NOT be accounted for in a fiduciary fund of a governmental entity?

Question

Quizplus · Accepted Answer

Fiduciary funds are used to account for assets held by a government entity in a trustee or agency capacity for the benefit of other governments or individuals. Nonexpendable resources held for the benefit of other governmental units (A), expendable resources held for the benefit of other governmental units (C), and funds held as an agent for other entities (D) would all be accounted for in a fiduciary fund. However, nonexpendable resources held for the benefit of the government holding the resources (B) would not be accounted for in a fiduciary fund, as these resources are not held in a trustee or agency capacity for the benefit of others.

Which of the Following Would NOT Be Accounted for in a Fiduciary