Reciprocal interfund activities include interfund services between government and proprietary funds.

Question

Quizplus · Accepted Answer

Reciprocal interfund activities involve the exchange of services, supplies, or other resources between government and proprietary funds. This includes transactions such as the provision of administrative services, personnel services, or the purchase of goods and services between different funds within the same government entity.

Reciprocal Interfund Activities Include Interfund Services Between Government and Proprietary