Customer's meter deposits which cannot be spent for normal operating purposes would be classified as restricted cash in the Statement of Net Assets of which fund?

Question

Quizplus · Accepted Answer

Enterprise funds account 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. Restricted cash, like customer meter deposits, is often reported in enterprise funds because it is related to the business-type activities of the entity.

Customer's Meter Deposits Which Cannot Be Spent for Normal Operating