FAR Chapter 6 Government Funds Flashcards
1
Q
What are the three types of government funds?
A
Government funds
Proprietary funds
Fiduciary Funds
2
Q
What are the types of government funds?
A
GPS CD
General funds
Permanent funds
Special revenue funds
Capital Projects funds
Debt Service funds
3
Q
What are the type of proprietary funds
A
Internal service funds and enterprise funds
4
Q
What are the type of fiduciary(trust) funds?
A
PIP CO
Pension trust funds
Investment funds
Private purpose funds
Custodial trust funds
Other employee benefit funds