ion 17 The initial transfer of cash from the General Fund to establish an internal service,fund would require the General Fund to credit Cash and det rked out of 2 Select one: Flag questiona. Other Financing Uses-Equity Transfers Out O b. Fund Oc. Other Financing Uses--Operating Transfers Out O d. Accounts Receivable Internal Service Fund. Next ion 20 et answered d out of 2 Which of the following is not true for capital projects funds? Select one: ag question a.Capital projects funds may account for resources provided by federal grants as well as for bond proceeds. O b. Encumbrance accounting is generally used. O c. Governmental Accounting Standards Board (GASB) standards require that construction work in process be capitalized in the capital projects fund until the project is completed. d. Special assessments receivable levied to finance construction projects should be recorded as assets of capital projects funds Next