Question

which of the following is the best example of an "Enterprise Fund"? i) General Obligation Debt...

which of the following is the best example of an "Enterprise Fund"?

i)

General Obligation Debt Fund

ii)Refuse (trash) Fund
iii)

General Fund
iV)

Capital Expenditures Fund
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Answer #1

Enterprise fund is type of fund that provide flexibility to report in seperate account for financial activities associated with a broad range of municipal services. So, Enterprise fund reports in separate accounting and financial reporting for municipal services. this fund is use for social benefit, like establishing hospital, waste management.

Refuse or trash fund fund use for waste minimization (a social activity). So, Refuse or trash fund fund is an example of Enterprise fund.

Option (ii) is correct answer.

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