GFOA Exam CPFO Topic 7 Question 72 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 72
Topic #: 7

[All CPFO Questions]

Enterprise funds and internal service funds are the two types of ______________.

ADebt Service Funds

BProprietary Funds

CPermanent Funds

DCapital project Funds

Show Suggested Answer

Suggested Answer: A

by Chanel at Jul 26, 2023, 02:46 PM

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Stefan

3 days ago

B) Proprietary Funds, easy peasy. Now, if only the rest of the exam was this straightforward...

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Billye

6 days ago

Hmm, I was torn between B) Proprietary Funds and C) Permanent Funds, but B) is the right choice. Gotta love those tricky governmental accounting questions!

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Ettie

8 days ago

I was a bit unsure, but B) Proprietary Funds is the correct answer. It's an important distinction to remember for the exam.

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Leila

9 days ago

Definitely B) Proprietary Funds. Internal service funds and enterprise funds are the two main types of proprietary funds in governmental accounting.

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Leah

18 days ago

Actually, enterprise funds and internal service funds are considered Proprietary Funds because they are used to account for activities that operate like businesses.

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Romana

19 days ago

I think it's Debt Service Funds.

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Leah

20 days ago

Enterprise funds and internal service funds are the two types of Proprietary Funds.

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