Multiple Choice
The General Fund recorded a liability to the city-owned electric utility (an enterprise fund of the city) for electricity used during the prior month.The journal entry for the General Fund will include
A) A debit to Encumbrances.
B) A debit to Expenditures.
C) A debit to Interfund Transfers Out.
D) A debit to Due to Other Funds.
Correct Answer:
Verified
Correct Answer:
Verified
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