To establish a new internal service fund with a transfer of funds (not to be repaid),which account would be credited in the internal service fund?

Question

Quizplus · Accepted Answer

When establishing a new internal service fund with a transfer of funds that does not need to be repaid, the account that would be credited in the internal service fund would be "Interfund Transfer In." This is because the transfer of funds is coming from another fund or account within the same organization, rather than being generated from cash or revenue earned by the internal service fund.

To Establish a New Internal Service Fund with a Transfer