Which of the following funds is a proprietary fund?

Question

Quizplus · Accepted Answer

Internal service funds are proprietary funds, which are used to account for activities that provide goods or services primarily to other departments or agencies of the government on a cost-reimbursement basis. Special revenue funds are used to account for specific revenue sources that are restricted for particular uses. Capital project funds are used to account for capital projects, such as the construction of buildings or the acquisition of major equipment. Permanent funds are used to account for endowments or other funds that are held in perpetuity and are used to support ongoing activities.

Which of the Following Funds Is a Proprietary Fund