Centralized purchasing,computer services,and janitorial services are examples of activities that are commonly reported in:

Question

Quizplus · Accepted Answer

Internal service funds are used to account for activities that provide goods or services to other departments or agencies within the same government. Centralized purchasing, computer services, and janitorial services are all examples of services that one department may provide to another within a government entity. Therefore, these activities are commonly reported in internal service funds. Enterprise funds are used to account for activities that provide goods or services to the general public for a fee, while capital project funds are used to account for the construction or acquisition of major capital assets. Debt service funds are used to account for the repayment of principal and interest on long-term debt. None of these funds would be appropriate for reporting centralized purchasing, computer services, or janitorial services.

Centralized Purchasing,computer Services,and Janitorial Services Are Examples of Activities That