Reciprocal interfund activities include all but which of the following?
A)interfund loans
B)interfund services between government and proprietary funds
C)advances to/from other funds
D)interfund reimbursements

Question

Reciprocal interfund activities include all but which of the following?
A)​interfund loans
B)​interfund services between government and proprietary funds
C)​advances to/from other funds
D)​interfund reimbursements

Quizplus · Accepted Answer

Interfund reimbursements are not considered reciprocal interfund activities because they typically involve one fund repaying another for costs advanced on its behalf, rather than the exchange of goods or services or lending/borrowing arrangements that characterize reciprocal interfund activities such as interfund loans, services, and advances.

Reciprocal Interfund Activities Include All but Which of the Following