Solved: What types of activities are recorded under the internal, Accounting Basics

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What types of activities are recorded under the internal

Q1 How would you compare the accounting for enterprise funds with that of (a) businesses and (b) governmental funds?

Q2 Class, how does one decide between an enterprise fund and an internal service fund?

Q3 What types of activities are recorded under the internal services account? Please provide examples. Is the government required to account for activities in the internal service fund or in another fund?

Q4 Class, is it OK for an internal service fund to charge more than the direct cost of services? Why or why not?

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