The initial transfer of cash from the general fund to establish an internal service fund requires the

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The initial transfer of cash from the general fund to establish an internal service fund requires the general fund to credit Cash and debit

a. Accounts Receivable—Internal Service Fund.

b. Transfers Out.

c. Budgetary Fund Balance—Assigned for Encumbrances.

d. Expenditures.

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Advanced Financial Accounting

ISBN: 9781260165111

12th Edition

Authors: Theodore Christensen, David Cottrell, Cassy Budd

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Question Posted: Mar 15, 2024 04:00 AM

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The initial transfer of cash from the general fund to establish an internal service fund requires the

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The correct answer is b Transfers Out When the general fund transfers cash to establish an internal ...View the full answer

Advanced Financial Accounting

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