The General Fund transfers cash to provide working capital for a new Internal Service Fund. The Internal Service Fund would report this transaction in the operating statement as

Question

Quizplus · Accepted Answer

Transfers from other funds, such as the General Fund, to an Internal Service Fund to provide working capital are reported as "Transfer in" in the operating statement of the Internal Service Fund. This reflects the inflow of resources from other parts of the government, distinguishing it from revenues generated by the fund's own operations.

The General Fund Transfers Cash to Provide Working Capital for a New