Activities that produce goods or services to be provided to other departments or other governmental units would be reported in which fund?

Question

Quizplus · Accepted Answer

Activities that produce goods or services to be provided to other departments or other governmental units would be reported in an internal service fund. An internal service fund is a fund used to account for services provided by one department or agency to other departments or agencies of the same government or to other governments on a cost-reimbursement basis. Therefore, the best choice is B, Internal service fund.

Activities That Produce Goods or Services to Be Provided to Other