What Are the Broad Classifications of Funds for a Governmental

question 76

Multiple Choice

What are the broad classifications of funds for a governmental entity such as a city?

• A) General, governmental, and trust funds.
• B) Governmental, proprietary, and fiduciary funds.
• C) Revenue, trust, and governmental funds.
• D) Enterprise, revenue, and fiduciary funds.
• E) Governmental, agency, and enterprise funds.

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Definitions:

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