Question
Most interfund transfers are shown by the accounts Due To and Due From. The General Fund is usually the fund that is transferring money to
Most interfund transfers are shown by the accounts "Due To" and "Due From". The General Fund is usually the fund that is transferring money to other funds. What are the terms for repayment from the funds to the General Fund? What happens if the fund is unable to pay back? (I need at least 100 words please.
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
