Operating Expense: Contracted Services is an example of which type of federal government account?
Budgetary Proprietary
Account Account

Question

Quizplus · Accepted Answer

Contracted Services is recorded under the proprietary account type, which means it tracks the government's financial position, performance, and cash flow. However, it is not classified as a budgetary account since it does not directly relate to the government's budget and appropriations. Therefore, the correct answer is option B, which signifies that Contracted Services is a proprietary account but not a budgetary account.

Operating Expense: Contracted Services Is an Example of Which Type