An Internal Service Fund Provided Services to a General Fund

question 46

Multiple Choice

An internal service fund provided services to a General Fund department. At the time of billing,the credit entry in the internal service fund would be:

• A) Other Financing Sources-Transfers In.
• B) Operating Revenues-Charges for Services.
• C) Other Financing Sources-Charges for Services.
• D) Due from General Fund.

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Definitions:

Initial Knowledge

The foundational information or understanding one has at the beginning of a learning process or inquiry.

Method

A systematic plan, procedure, or technique used to accomplish a specific task or solve a particular problem.

Method of Agreement

A principle in inductive reasoning that identifies a cause of a phenomenon by finding common factors in different instances where the phenomenon occurs.

Cause

The source or reason something happens, leading to a particular effect or outcome.