Answer: Enterprise Fund
An enterprise fund gets used for services the public gets on a person-by-person basis like water and sewage utilities. If your government provides a service to you, the enterprise fund accounts for the debits and credits.
Internal Service Fund
Paying for the costs accumulated by other funds is the internal service fund. They pay for the operational costs of serving other funds. For example, government vehicles, computers, or copiers are assets typically listed in an internal service fund.
Explanation: Their reporting requirements differs because:
-The internal service funds are reported in all of the proprietary fund financial statements in a separate column to the right of the total enterprise funds column. Major fund requirements do not apply to the internal service funds and their information is combined into one column.
- The internal service fund asset and liability balances that are not eliminated should be reported in the governmental activities column (unless the enterprise funds are predominant or only user of its services)
- Even though internal service funds are classified as proprietary funds, the nature of the activity accounted for in them is generally governmental and should normally be reported as governmental activities. The exception to this presentation is when the internal service funds serves predominantly external parties or enterprise funds. Then they should be reported together with the business-type activities.
- In the statement of activities the eliminations are necessary to remove the doubling effect of internal service fund activities. To accomplish that only the residual balances are reported. Internal revenues (except investment income) and expenses (except interest) should be netted. The difference should be charged back entirely or on pro-rata basis to the funds/functions that used services or acquired goods from that internal service fund (e.g., if the internal service fund reports net income, the entire amount should be charged back to the participating funds and would reduce their expenses related to the services and goods purchased from that fund).
<u>Tax preparation software</u> can help prepare and file your taxes by " <u>posing questions to collect the necessary information."</u>
This is because Tax preparation software is designed to give step-by-step, question and answer format to gather the necessary information to prepare your income taxes.
There are various types of tax preparation software, some of which include the following:
Hence, in this case, it is concluded that the correct answer is option B. "<u>posing</u><u> </u><u>questions to collect the necessary information."</u>
Learn more here: brainly.com/question/6779776
Henry Ford was the first to make a mass production. He made the Mobile T
Answer:
<h2>One important advantage of the departmentalization of any functional area in any business organisation is that the specialized employees in the specific department can coordinate and work together in any particular project or function within the department.This can remarkably enhance work quality and improve employee performance in the organisation.Hence,the correct answer is option A. in this case.</h2>
Explanation:
Departmentalization of organisational departments essentially leads to specialization of organisational functions and activities.Such specialization should be supported and facilitated by proper coordination and teamwork of the respective employees.This can essentially lead to a better professional concentration and expert involvement which not only enhances the quality of departmental projects or activities but guarantees smooth and timely completion of the group projects within the respective departments.In this case,if the concerned financial,managerial and tax accountants can be grouped together according to their respective areas of specialization,it would lead to a better professional communication among the experts and develop a cooperative work environment.This is a crucial precondition for developing and maintaining a smooth and effective work coordination and flow within the respective employees in any business organisation.
