An internal service fund normally uses which of the following budgetary accounts?
A) Estimated Revenues.
B) Appropriations.
C) Encumbrances.
D) An internal service fund normally does not use budgetary accounts.

Question

Quizplus · Accepted Answer

An internal service fund is not required to use budgetary accounts because it operates like a business and its operations are expected to generate sufficient revenues to cover all costs, including capital investments. Therefore, it does not follow a traditional budgeting process.

An Internal Service Fund Normally Uses Which of the Following