Examlex
Match these terms with their definitions.
-occurs when a bond is issued for an amount that is less than the principal
Proprietary Fund Types
Types of funds used by governmental entities to account for activities similar to those found in the private sector, where the intent is to recover costs through user charges.
Internal Service Funds
Funds used by a government entity to account for the services provided by one department to other departments on a cost-reimbursement basis.
Enterprise Funds
Governmental accounting funds used to account for operations financed and operated in a manner similar to private business enterprises, where the intent is that the costs are financed primarily through user charges.
Non-Exchange Transactions
Transactions where an entity receives value without directly giving equivalent value in exchange, often seen in grants, donations, and government assistance.
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