The use of an Internal Service Fund is mandated by generally accepted accounting principles for which of the following activities?

Question

Quizplus · Accepted Answer

GAAP does not mandate the use of an Internal Service Fund for any specific activity, including risk financing activities, government motor pools, or centralized warehouses. The decision to use an Internal Service Fund is based on the government's judgment and specific circumstances.

The Use of an Internal Service Fund Is Mandated by Generally