Multiple Choice
Internal Service Funds differ from Enterprise Funds because Internal Service Funds
A) are a proprietary fund.
B) are intended to show a profit.
C) charge for their services.
D) provide goods and services primarily to other government agencies.
Correct Answer:
Verified
Correct Answer:
Verified
Q40: Permanent funds report resources whose use is
Q41: Enterprise funds and Internal service funds are
Q42: The governmental fund accounting equation is Current
Q43: The modified accrual basis of accounting is
Q44: The following are transactions for the city
Q45: Capital projects funds and debt service funds
Q46: Approved or authorized expenditures that provide legislative
Q48: The following are transactions for the city
Q49: Enterprise funds are used to account for
Q50: The following are transactions for the city