Which measurement focus and basis of accounting should an Internal Service Fund use?
$\underline{\text{Measurement Focus }}$ &ensp;&ensp;&ensp;&ensp;&ensp;&ensp; $\underline{\text{ Basis of Accounting }}$

Question

Which measurement focus and basis of accounting should an Internal Service Fund use? 
$\underline{\text{Measurement Focus  }}$ &ensp;&ensp;&ensp;&ensp;&ensp;&ensp; $\underline{\text{  Basis of Accounting }}$

Quizplus · Accepted Answer

Internal Service Funds, which are a type of proprietary fund, use the economic resources measurement focus and the accrual basis of accounting. This approach allows for the full recognition of assets and liabilities, as well as revenues and expenses when they are earned or incurred, providing a comprehensive view of the fund's financial position and operations.

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Which Measurement Focus and Basis of Accounting Should an Internal $\underline{\text{Measurement Focus }}$