Question: 1. An Internal Service Fund is used when goods and/ or services are provided to _______. 2. A budget that is based on the level

1. An Internal Service Fund is used when goods and/ or services are provided to _______.
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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