C7-Proprietary funds are accounted for in a manner similar to investor-owned businesses;
among other features,
the accrual basis of accounting is used and all of the capital assets used in fund
operations are accounted for by the using fund.
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Home » Business » C7-Proprietary funds are accounted for in a manner similar to investor-owned businesses; among other features, the accrual basis of accounting is used and all of the capital assets used in fund operations are accounted for by the using fund.