Question
[Para. 4a-8] The General Fund transferred $20,000 to the debt service fund for a bond interest payment. Required: Record this transaction in the General Fund
- [Para. 4a-8] The General Fund transferred $20,000 to the debt service fund for a bond interest payment.
Required: Record this transaction in the General Fund only. The transaction has no effect at the government-wide level since it occurs between two governmental activities. Do not record this transaction in the debt service fund until instructed to do so in Chapter 6 of this case.
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Auditing Explained A Practical Guide For Managers
Authors: John Dunn
1st Edition
0749405619, 978-0749405618
