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    Accounting for Governmental Study Set 1
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    Exam 7: Accounting for the Business-Type Activities of State and Local Governments
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    In the Information for the Supplies Fund That Follows,the Account
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In the Information for the Supplies Fund That Follows,the Account

Question 83

Question 83

True/False

In the information for the Supplies Fund that follows,the account "Interfund Transfer In from General Fund" should be credited for $89,200 because this amount was transferred from the General Fund to the Supplies Fund in a nonexchange transfer that will not have to be repaid. In the information for the Supplies Fund that follows,the account  Interfund Transfer In from General Fund  should be credited for $89,200 because this amount was transferred from the General Fund to the Supplies Fund in a nonexchange transfer that will not have to be repaid.

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