Jace Township's General Fund reports a balance due from another fund.This item and the corresponding interfund liability will appear in Jace Township's government-wide statement of net position only if the debtor fund is

Question

Quizplus · Accepted Answer

In government-wide financial statements, only transactions with enterprise funds are reported because they are considered business-type activities. Other funds like capital projects, internal service, and permanent funds are governmental activities and are eliminated in consolidation.

Jace Township's General Fund Reports a Balance Due from Another