Which of the Following Is the Basic Proprietary Fund Accounting

Multiple Choice

Which of the following is the basic proprietary fund accounting equation?

A) Assets - Liabilities = Net Assets.
B) Financial Assets - Related Liabilities = Fund Balance.
C) Financial Assets + Deferred Outflows - Related Liabilities - Deferred Inflows = Fund Balance.
D) Assets + Deferred Outflows - Liabilities - Deferred Inflows = Net Position.