A government recorded transfers out of the General Fund to the debt service fund in the amount of $600,000 and to the capital projects fund in the amount of $300,000.The amount that would be shown as a transfer in the governmental activities column of the Statement of Activities would be:

Question

Quizplus · Accepted Answer

In the government-wide Statement of Activities, transfers between governmental funds, such as from the General Fund to the debt service fund or capital projects fund, are eliminated because they do not represent external transactions.

A Government Recorded Transfers Out of the General Fund to the Debt