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Q31: Which of the following is considered a proprietary fund? a. Permanent Fund b. Internal service Fund c. Capital project Fund d. Debt service Fund

Q31:

Which of the following is considered a proprietary fund?

Permanent Fund

Internal service Fund

Capital project Fund

Debt service Fund

Q32:

The estimated revenues account of a governmental unit is debited when:

The budget is closed at the end of the year

Actual revenues are recorded

The budget is recorded

Actual revenues are collected

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