Customers' meter deposits,which cannot be spent for normal operating purposes,would be classified as restricted cash in the balance sheet of which fund type?

Question

Quizplus · Accepted Answer

Enterprise funds are used for operations that are financed and operated in a manner similar to private business enterprises, where the intent is that the costs of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges. Meter deposits, which are customer deposits, are typically associated with enterprise funds like utilities.

Customers' Meter Deposits,which Cannot Be Spent for Normal Operating Purposes,would