Non-balancing of operating budgets would lead to: a. Capital surplus b. Operating deficit c. Capital deficit d. Operating surplus Clear my choice Question 21 Question text Which among the following is not true about Internal Service Funds? a.
Non-balancing of operating budgets would lead to: a. Capital surplus b. Operating deficit c. Capital deficit d. Operating surplus Clear my choice Question 21 Question text Which among the following is not true about Internal Service Funds? a.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Non-balancing of operating budgets would lead to:
a.
Capital surplus
b.
Operating deficit
c.
Capital deficit
d.
Operating surplus
Clear my choice
Question 21
Question text
Which among the following is not true about Internal Service Funds?
a.
Internal Service Fund gets resources transferred from other funds
b.
A museum operated in the City open to public with user charges is not accounted in Internal Service Fund
c.
Budgeting is done so as to ensure revenues cover expenditures
d.
Transactions of Central Printing Press of government is accounted in this fund
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