Author Question: Which of the following would likely be accounted for in an Internal Service Fund? a. A ... (Read 75 times)

jeatrice · **on:** Jul 6, 2018

Which of the following would likely be accounted for in an Internal Service Fund?

a. A government's water and sewer department if it provides water and sewer services to government departments as well as to residents and businesses in the community.
b. A government's central printing shop that provides a very minimal amount of services to a few outside customers.
c. The Payroll and Benefits Department of the government.
d. All of the above are likely to be accounted for in an Internal Service Fund.

Question 2

The monetary value charged to customers for the performance of services sold is called a(n)
a. asset
b. net income
c. capital
d. revenue