12) Internal Service Funds differ from Enterprise Funds because Internal Service Funds A) are a proprietary fund. B) are intended to show a profit. C) charge for their services. D) provide goods and services primarily to other government agencies.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter1: Role Of Accounting In Society
Section: Chapter Questions
Problem 9MC: A governmental agency can best be described by which of the following statements? A. has a primary...
icon
Related questions
Question
100%

12) Internal Service Funds differ from Enterprise Funds because Internal Service Funds

A) are a proprietary fund.

B) are intended to show a profit.

C) charge for their services.

D) provide goods and services primarily to other government agencies.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Introduction to Governmental accounting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College