When an Internal Service Fund sends a bill to the General Fund,which account should the Internal Service Fund debit?
A)expenditures - vehicle usage
B)transfer out to the general fund
C)revenues - vehicle charges
D)due from general fund

Question

Quizplus · Accepted Answer

The Internal Service Fund should debit "Due from General Fund" to record the receivable for the bill sent to the General Fund.

When an Internal Service Fund Sends a Bill to the General