Which of the following funds would not be eligible for major fund reporting?

Question

Quizplus · Accepted Answer

The General Fund, Enterprise Fund, and Debt Service Fund are all potentially eligible for major fund reporting based on their relative financial significance to the entity. The Internal Service Fund, however, is used to account for the financing of goods or services provided by one department or agency to other departments or agencies of the governmental unit, or to other governmental units, on a cost-reimbursement basis and is not typically reported as a major fund.

Which of the Following Funds Would Not Be Eligible for Major