Funds that are used to account for activities similar to those often engaged in by profit-seeking businesses are:

Question

Quizplus · Accepted Answer

Proprietary funds are used to account for activities that are similar to those of profit-seeking businesses, such as providing goods or services to the public for a fee. These funds are used to account for the activities of government entities that function like a business, such as public utilities or airports. Special revenue funds are used to account for specific revenue sources that are restricted for a particular purpose. Capital project funds are used to account for the acquisition or construction of long-term assets, while agency funds are used to hold assets for others.

Funds That Are Used to Account for Activities Similar to Those