Which of the Following Accounts Would Least Likely Be Found

question 15

Multiple Choice

Which of the following accounts would least likely be found in the general ledger of an internal service fund?

• A) Cash.
• B) Expenditures.
• C) Billings to Departments.
• D) Machinery and equipment.

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Definitions:

Forethought

The act of thinking and planning activities or events in advance, demonstrating anticipation and careful consideration.

Low-involvement Products

Goods or services that require minimal thought and effort from consumers before purchase due to their low cost or risk, such as everyday household items.

In-store Promotions

Marketing activities designed to stimulate sales directly within a retail location.

High-involvement Products

Products that carry a high purchase risk or are expensive, thus requiring more thought, research, and comparison from consumers before making a purchase decision.