Question regarding the internal services account

Assignment Help Accounting Basics
Reference no: EM13758099

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?

Reference no: EM13758099

Questions Cloud

What is the per-unit amount of both externalities : You know that the water park will increase the traffic flow in the streets around the water park. There are both businesses and neighborhoods adjacent to the increased traffic flow.
Describe the problems and constraints : Describe the problems and constraints. Describe the objectives of the database environment.
Concept comparing the gaap to the ifrs : Discuss this week's objectives and the following concept comparing the GAAP to the IFRS. How do they relate to the practice of accounting and its uses in business?
Accounting for enterprise funds : How would you compare the accounting for enterprise funds with that of (a) businesses and (b) governmental funds?
Question regarding the internal services account : 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?
Question regarding the fiduciary responsibility : Discuss various situations in which a government has fiduciary responsibility but does not report them in fiduciary funds.
Powerpoint are used in the criminal justice system : Question: How do you think Microsoft Office Word and PowerPoint are used in the criminal justice system (CJS). What do you think are the best uses for Microsoft Office Word and PowerPoint in the CJS
Activities in government-wide financial statements : What basis of accounting is used to report governmental activities in government-wide financial statements? Can another basis be used? Please explain.
Financial audits in government and not-for-profit : In what significant way do financial audits in government and not-for-profit organizations differ from those carried on in businesses? Please explain.

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Accounting practice problem

On January 30, Tensing Corporation bought supplies of $2,000. The supplies were all consumed in February. Determine which of the following statements is true regarding the accounting for these supplies.

  Miguel receives tangible personal property as an

miguel receives tangible personal property as an inheritance in 2011. the property was depreciated by the deceased

  Two primary responsibilities of the financial manager

What are two primary responsibilities of the financial manager. From the Internet what are two additional ideas about the other activities that financial managers are involved in on a day-to-day basis.

  Win corporation sells a single product budgeted sales for

win corporation sells a single product. budgeted sales for the year are anticipated to be 609725 units estimated

  Identify at least three 3 risks and three 3 benefits of

identify at least three 3 risks and three 3 benefits of using the perpetual inventory management system. discuss the

  Prepare the sales revenues section of the income

Milton Company provides this information for the month of November, 2007: sales on credit $150,000; cash sales $50,000; sales discount $2,000; and sales returns and allowances $8,000. Prepare the sales revenues section of the income statement base..

  Finding out the tax consequences

Determine the tax consequences to Amber if the entity is organized as:

  What deductions are allowed for taxable income purposes but

how does a corporation compute earnings and profits eampp? what income is deferred to a later year when computing

  During its most recent fiscal year simon enterprises sold

during its most recent fiscal year simon enterprises sold 290000 electric screwdrivers at a price of 17.70 each. fixed

  Misclassification of a financing activity

Class, how does the misclassification of a financing activity as an operating activity on the statement of cash flows impact the decision making process of an external user as to the financial status of the company?

  Indicate whether each of the following statements is true

In recent years, the amount of direct labor used in many industries has greatly increased and total overhead costs have significantly decreased.

  If you owned 5000 shares of common stock in microsoft

respond to the following independent issues concerning the capital stock of corporations in your initial post why are

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd