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    Essentials of Accounting Study Set 2
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    Exam 7: Fiduciary Trustfunds
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    Which of the Following Entries Would Be Used to Record
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Which of the Following Entries Would Be Used to Record

Question 3

Question 3

Multiple Choice

Which of the following entries would be used to record the purchase of water by the General Fund?


A) DR- Expense; CR- Due to Enterprise Fund
B) DR- Expenditure; CR- Due to Enterprise Fund
C) DR- Transfer Out; CR- Cash
D) DR- Due to Enterprise Fund; CR- Cash

Correct Answer:

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