Examlex
All of the following are advantages of sole proprietorship EXCEPT ________.
Restricted
Designated or limited to specific purposes, unable to be freely used or accessed.
Committed
Being pledged or obligated to do something, often referring to resources or efforts directed towards a specific cause or project.
Fiduciary Funds
These are funds used to account for resources held by an entity in a trustee or agent capacity for others, ensuring these assets are managed according to the trust agreement.
Proprietary Funds
Governmental accounting term for funds used by an organization that behaves like a private business, where the costs of providing goods or services to the public must be recovered through sales and fees.
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