Which of the Following Is a Proprietary Fund

question 4

Multiple Choice

Which of the following is a proprietary fund?

• A) Investment trust
• B) Permanent
• C) Special revenue
• D) Internal service

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Definitions:

Pre-numbered Documents

Documents that are sequentially numbered ahead of time to help ensure completeness and control over processes like inventory, purchasing, and payroll.

Time Lags

Delays between the initiation of an action and its effect or outcome, often encountered in economic policies or financial transactions.

Errors

Mistakes or inaccuracies in financial information or records, which may require correction through adjustments.

Voucher Register

A record that keeps track of all issued vouchers, which are documents authorizing payments, and their current status.