The general fund of Richmond was billed $22,000 on August 15,2008,for using the services of one of its internal service funds (ISF) .What accounts should be debited and credited,respectively,in the general fund on August 15,2008,to record this transaction?
A) Expenditures and Transfer Out to ISF
B) Expenditures and Due to ISF
C) Encumbrances and Due to ISF
D) Encumbrances and Transfer Out to ISF
Correct Answer:
Verified
Q11: Which of the following statements is (are)correct
Q13: In accounting for governmental funds,which of the
Q21: The general fund of Athens ordered computer
Q25: The general fund of Hatteras acquired a
Q27: Gotham City acquires $25,000 of inventory on
Q29: Blue Ridge Township uses the consumption method
Q40: Under the modified accrual basis of accounting,revenue
Q51: Which of the following accounts are debited
Q64: The general fund of the City of
Q74: The general fund of Sun City was
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents