Solved

_____ Which of the Following Is True for Internal Service Funds

Question 182

Multiple Choice

_____ Which of the following is true for Internal Service Funds?


A) Services may be rendered to customers outside the governmental unit.
B) The modified-accrual basis of accounting is used.
C) Interfund transfers would not be reported.
D) The account Fund Balance is used.
E) None of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents