For each of the following descriptive phrases, indicate the type of fund from the list. 

A. Governmental funds 

B. Proprietary funds 

C. Fiduciary funds 

1). Includes permanent funds held in trust to be used for public purposes ________. 

2). Sometimes referred to as self-supporting or business-like funds ________ .

3). Any fund held by a government in a custodial or trustee relationship for an external party ________. 

4). Used when the government collects taxes or amounts to be invested for external parties ________. 

5). Enterprise and internal service funds ________.

Answer rating: 100% (QA)

1 Includes permanent funds held in trust to be used for public purposes Governmental fund... View the full answer