Which of the following funds has similar accounting and reporting to the special revenue fund?

Question

Quizplus · Accepted Answer

The special revenue fund and the general fund are both used to account for specific revenue sources and have similar accounting and reporting requirements. The proprietary fund is used for government business-like activities, the trust fund is used for trust activities, and the agency fund is used to account for resources held by the government in a custodial capacity.

Which of the Following Funds Has Similar Accounting and Reporting