I am going to Europe on vacation. The trip has been paid for entirely by my parents who will be supporting me through the duration of the trip. How do I fill in the proof of funds part of the visa application form? If Im being supported by my parents do I need to attach their bank statements?
According to this page, your parents can sign an official affidavit of support, and they would be responsible for financially supporting your trip.
If you don't have a bank account or the balance is not enough to take care of your expenses, you must ask your friends/relatives to sign an "official affidavit of support", available at the local Alien's office in their place of residence. You must bring the original of this affidavit when applying for your visa.