Activities that produce goods or services to be provided to other departments or

ID: 2538733 • Letter: A

Question

Activities that produce goods or services to be provided to other departments or other governmental units would be reported in which fund? A. Advance fund B. Agency fund C. Internal service fund D. Enterprise fund Activities that produce goods or services to be provided to other departments or other governmental units would be reported in which fund? A. Advance fund B. Agency fund C. Internal service fund D. Enterprise fund A. Advance fund B. Agency fund C. Internal service fund D. Enterprise fund

Explanation / Answer

Ans:C) Internal service fund.

Activities that produce goods or services to be provided to other departments or other governmental units would be reported in which fund?

A. Advance fund

B. Agency fund

C. Internal service fund

D. Enterprise fund

Explanation:An Internal Service fund is defined as a fund that primarily provides either benefits or goods or. services to other funds, departments, or agencies of government on a cost-reimbursement basis, with the. goal to 'break-even' rather than make a profit

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Activities that produce goods or services to be provided to other departments or

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