The City of Crescent Hill Operates a Central Motor Pool

question 61

Multiple Choice

The City of Crescent Hill 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 Parks 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:

Larva

A larva is the juvenile form of many animals, which undergoes metamorphosis before becoming an adult, often differing markedly in form and behavior from the adult stage.

Develop

To undergo gradual growth or formation; often refers to the process of bringing new products, technologies, or ideas into existence.

Accumulated Degree Hours

A measure used in forensic entomology and agriculture to estimate the development stage of organisms by accumulating the degrees above a threshold temperature over time.

Larva

The juvenile form of an animal that undergoes metamorphosis, such as an insect or amphibian, typically different in form from the adult.