internal service fund Definition | Business Dictionaries from AllBusiness.com
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Business Definition for: internal service fund
internal service fund

in government accounting , fund used to account for goods or services given to one department by another on a cost reimbursement basis. The fund is profit and loss oriented and hence follows accrual accounting.

Copyright © 2005, 2000, 1995, 1987 by Barron's Educational Series, Inc., Reprinted by arrangement with Publisher.

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