Which of the following should be accounted for in an internal service fund? Light poles to be paid for in installments by
Affected property owners $350,000
Van used to transport supplies to all city
Departments on a cost reimbursement basis 65,000
Equipment used for supplying electric power
To residents 1,250,000

Question

Quizplus · Accepted Answer

Internal service funds are used to account for activities that provide goods or services to other departments or agencies on a cost-reimbursement basis. The van used to transport supplies to all city departments fits this description.

Which of the Following Should Be Accounted for in an Internal