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.

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 ---

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