Which of the following is true regarding capital projects funds?
A) All budgetary accounts are employed in the same manner as for the General and special revenue funds.
B) Encumbrances accounting is not normally employed, but estimated revenues and appropriations accounts are used.
C) No budgetary accounts are ever used.
D) Encumbrances accounting is employed, but since capital projects funds are project-oriented, not oriented to the annual budget, the year-end closing entries are really interim entries in the life of the project.