Which of the following will not appear on the statement of net position of an enterprise fund?

Question

Quizplus · Accepted Answer

Enterprise funds, being a type of proprietary fund used by governments to account for activities similar to commercial businesses, follow accrual accounting and present financial statements similar to those of private businesses. The statement of net position for an enterprise fund includes assets, liabilities, and net position, but not "fund balance-restricted" which is a term used in governmental fund accounting. Instead, net position in proprietary funds is classified as net investment in capital assets, restricted, and unrestricted.

Which of the Following Will Not Appear on the Statement