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General fund usually transfers amounts to other funds. Therefore, in the same way RO 10,750 is transferred to capital project fund, which will be recorded
General fund usually transfers amounts to other funds. Therefore, in the same way RO 10,750 is transferred to capital project fund, which will be recorded in the books of general fund as _________.
a.
Residual equity transfer 10,750 Cash/Bank 10,750
b.
Loan out to capital project fund 10,750 Cash/Bank 10,750
c.
None of the options
d.
Transfer out to capital project fund 10,750 Cash/Bank 10,750
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