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An enterprise fund should be used when the governing body requires that Accountin for the financing of an agency's services to other government department is

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An enterprise fund should be used when the governing body requires that Accountin for the financing of an agency's services to other government department is on a cost reimbursement basis. User charges cover the costs of general public services. Pricing policies establish fees and charges designed to recover costs of an activity. I only. I and ||, I and III. II and III. When equipment was purchased with general fund resources, which of the following.accounts would have been increased in the general fund? Equipment. Expenditures. Appropriations. No entry should be made in the general fund. Durlng 2003, Spruce City reported the following receipts from self-sustaining activities paid for users of the services rendered: Operation of water supply plan $5,000,000 Operation of bus system 900,000 what amount may be accounted for in Spruce's enterprise funds? $0 $900,000 $5,000,000 $5,900,000

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