During the current fiscal year, Mountain View City's water utility, an enterprise fund, rendered billings for water supplied to the general fund.Which of the following accounts should be debited by the general fund?

Question

Quizplus · Accepted Answer

The general fund should debit the Expenditures account when making payments for services provided by the water utility enterprise fund. Transfers-out and Due to accounts are used to record inter-fund transactions, while Appropriations represent budgetary authority, not actual transactions.

During the Current Fiscal Year, Mountain View City's Water Utility