In Which Fund Type Would a Government's Capital Projects Fund

question 27

Multiple Choice

In which fund type would a government's capital projects fund be found?

• A) Governmental fund type.
• B) Proprietary fund type.
• C) Fiduciary fund type.
• D) Governmental activities.

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Definitions:

Owner Recorded

The registration of assets, liabilities, or transactions by the owner in the financial records of a business.

Cash Payments Journal

A specialized accounting journal used to record all cash outflows or payments made by a business.

General Journal

A bookkeeping ledger that records every financial transaction of a business in chronological order.

Revenues Journal

A record of sales and income transactions, typically used in accounting to track and manage revenue generation.