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20 October, 17:22

State and local governmental funds are organized into three categories including: Multiple Choice governmental, fiduciary, and restricted. governmental, proprietary, and fiduciary. governmental, proprietary, and restricted. proprietary, fiduciary, and restricted.

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  1. 20 October, 17:25
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    governmental, proprietary, and fiduciary

    Explanation:

    A government fund is a fund which are grouped used in accounting for the tax-supported activities and are completed by the federal government.

    A Proprietary fund is a fund obtained from business-like activities which are conducted by the government.

    Fiduciary funds are funds used to report assets that are held in a trustee and so it cannot be utilized to support the programs of the government.

    Therefore, the local and state governmental funds are categorized as - --

    Governmental fund Proprietary fund Fiduciary fund
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