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******PLS NEW ANS 1. A member of the city commission insists that the citys internal fund prepare and submit a budget for commission approval. The
******PLS NEW ANS
1. A member of the city commission insists that the citys internal fund prepare and submit a budget for commission approval. The commissioner argues that it is only through the budget that the commissioners will be able to ensure control over the internal service fund. Do you agree or disagree with the commissioners argument? Explain your answer.
2. Describe the basic activities conducted by a tax custodial fund. What are some of the issues that make tax custodial accounting complex?
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