Fund Balance with Treasury is an example of which type of federal government account? Budgetary Account...
Fund Balance with Treasury is an example of which type
of federal government account?
| Budgetary Account |
Proprietary Account |
|
| A) | Yes | Yes |
| B) | No | Yes |
| C) | Yes | No |
| D) | No | No |
Multiple Choice
-
A)
-
D)
-
C)
-
B)
Homework Answers
Answer: B
This is proprietary account, which is the financial statements of Federal agencies based on accrual basis; but, this is not budgetary account, since Fund Balance with Treasury shows all actual figures but not budgeted figures.
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Fund Balance with Treasury is an example of which type
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