In which fund type would a governmental entity's capital projects fund be found?
A)Governmental fund type.
B)Proprietary fund type.
C)Fiduciary fund type.
D)Governmental activities.

Question

Quizplus · Accepted Answer

A governmental entity's capital projects fund would be found in the governmental fund type. The governmental fund type is used to account for the financial resources that are used to provide services to the public and to meet the government's financial obligations. Capital projects funds are used to account for the financial resources that are used to acquire or construct major capital facilities, such as buildings, roads, or bridges.

In Which Fund Type Would a Governmental Entity's Capital Projects