Accounting Dictionary - Letter P
in governmental accounting, is a business-like fund of a state or local government. Examples of proprietary funds include enterprise funds and internal service funds. Enterprise funds provide goods or services to the general public for a fee. Internal service funds account for goods and services provided by one department or agency to another department or agency of the governmental unit (or to other governmental units) on a cost-reimbursement basis.
Don't see the term you are looking for? Try searching our entire website:
Free Study Notes
Download free accounting study notes by signing up for our free newsletter (example):
We never share or sell your e-mail to third parties.