Governmental units use which fund type to account for services provided to the general public on a user-charge basis?.

Question

Quizplus · Accepted Answer

Enterprise fund is used to account for the services provided to the general public on a user-charge basis. This fund is used when the governmental unit operates like a business where the revenue generated from the services is used to cover the costs of the services. Examples of enterprises that can be accounted for in an enterprise fund include water utilities, airports, and parking garages.

Governmental Units Use Which Fund Type to Account for Services