Multiple Choice
The General Fund has transferred cash to the appropriate fund for eventual retirement of term bonds maturing in 10 years.Which funds would record this transaction?
A) General Fund: Yes; Capital Projects Fund: No; Debt Service Fund: Yes
B) General Fund: No; Capital Projects Fund: No; Debt Service Fund: Yes
C) General Fund: Yes; Capital Projects Fund: No; Debt Service Fund: No
D) General Fund: Yes; Capital Projects Fund: Yes; Debt Service Fund: Yes
Correct Answer:
Verified
Correct Answer:
Verified
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