Multiple Choice
The general fund of Richmond was billed $22,000 on August 15,20X8,for using the services of one of its internal service funds (ISF) .What accounts should be debited and credited,respectively,in the general fund on August 15,20X8,to record this transaction?
A) Expenditures and Transfer Out to ISF
B) Expenditures and Due to ISF
C) Encumbrances and Due to ISF
D) Encumbrances and Transfer Out to ISF
Correct Answer:
Verified
Correct Answer:
Verified
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