General fund is the primary fund maintained by the companies for recording all inflows and outflows except which are associated with the special purpose funds. It is mostly the difference between assets and liabilities of the company’s fund. Internal service fund: Internal service fund in government accounts, when goods and services are transferred between the departments and for tracking such transfer and shifting activities, internal service fund is maintained. To choose: The Correct option.

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Chapter 18, Problem 18.5.2E

To determine

Introduction: General fund is the primary fund maintained by the companies for recording all inflows and outflows except which are associated with the special purpose funds. It is mostly the difference between assets and liabilities of the company’s fund.

Internal service fund: Internal service fund in government accounts, when goods and services are transferred between the departments and for tracking such transfer and shifting activities, internal service fund is maintained.

To choose: The Correct option.

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