Which of the following interfund transactions does not affect fund balance?
A)reimbursements
B)transfers
C)loans
D)interfund services provided and used

Name: Which of the following interfund transactions does not affect fund balance? A)reimbursements B)transfers C)loans D)interfund services provided and used
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Question

Quizplus · Accepted Answer

Loans do not affect fund balance because they are expected to be repaid, thus they are recorded as receivables and payables, not affecting the net position.

Which of the Following Interfund Transactions Does Not Affect Fund