Question
Choose from one of the following prompts to start a thread. Give your response and reasoning for your answer, and always provide a substantive response
Choose from one of the following prompts to start a thread. Give your response and reasoning for your answer, and always provide a substantive response to one of your classmate's posts.
1. Internal Service Funds are proprietary (nonexpendable) funds. How does this cause Internal Service Fund accounting to differ from that for governmental (expendable) funds?
2. Many governments use titles such as "Billings to Departments" and "Excess of Net Billings to Departments over Costs" in Internal Service Fund accounting and reporting rather than more familiar titles such as "Sales" and "Operating Income." Why?
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