Governments are not required to incorporate proprietary fund budgets into the accounting system.

Name: Governments are not required to incorporate proprietary fund budgets into the accounting system.
Brand: Quizplus
Rating: 4.7 (41 reviews)

Question

Quizplus · Accepted Answer

Governments typically use proprietary funds to account for business-like activities, and while they may prepare budgets for these funds for internal management purposes, they are not legally required to incorporate these budgets into the formal accounting system as they do for governmental funds.

Governments Are Not Required to Incorporate Proprietary Fund Budgets into the Accounting