Asked by calista Williams on May 20, 2024
Verified
What are the two proprietary fund types?
Proprietary Fund Types
Funds used by a government to account for activities similar to those found in the private sector, where the determination of net income is necessary or useful.
- Identify the contrasts between proprietary and governmental funds, providing examples of activities each fund accounts for.
Verified Answer
HJ
Learning Objectives
- Identify the contrasts between proprietary and governmental funds, providing examples of activities each fund accounts for.