1. An Internal Service Fund is used when goods and/ or services are provided to _______. 2....
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2. A budget that is based on the level of activity attained in a fund is called a ________.
3. The _______ basis of accounting is used in Internal Service Funds.
4. If the General Fund transfers cash to an Internal Service Fund as a permanent transfer of equity, the Internal Service Fund will credit the _______ account.
5. When an Internal Service Fund acquires a truck, the account that is debited is _______.
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Related Book For
Introduction to Governmental and Not for Profit Accounting
ISBN: 978-0132776011
7th edition
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
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