Which of the following accounts properly would not appear in the operating statement of a proprietary-type fund?
A)transfer in from the general fund
B)depreciation expense
C)expenditures--capital outlay
D)revenues--charges for services

Question

Quizplus · Accepted Answer

Expenditures--capital outlay would not appear in the operating statement of a proprietary-type fund because such funds use the accrual basis of accounting, where capital outlays are capitalized and depreciated over time, rather than being expensed immediately as they would be in governmental funds using the modified accrual basis.

Which of the Following Accounts Properly Would Not Appear in the Operating