The City of Jennings Operates a Central Motor Pool as an Internal

question 49

Multiple Choice

The City of Jennings operates a central motor pool as an internal service fund for the benefit of the city's other funds and departments.In the current year,this fund billed the Community Services Department $30,000 for vehicle rentals.What account should the internal service fund use to record these billings?

• A) Interfund Transfers In.
• B) Interfund Exchanges.
• C) Billings to Departments.
• D) Cost of Providing Rentals to Other Funds and Units.

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Definitions:

Environmental Factors

Environmental Factors are external elements such as weather, climate, and natural disasters, as well as socioeconomic aspects, that can affect an organization's operations, strategic decisions, and overall performance.

Start-Up Process Model

A framework outlining the steps and stages involved in launching and establishing a new business or enterprise.

Implementation

The act of executing or applying a plan, policy, or procedure to achieve desired goals or outcomes.

Triggering Event

An occurrence that sets in motion a series of actions, often used in business or law to indicate an event that triggers a contractual obligation or procedure.