Multiple Choice
The general fund of Battle Creek budgeted a transfer to its capital projects fund for $110,000 to be used in operations during the year ended June 20,20X9.On September 15,20X8,the general fund transferred $110,000 to the capital projects fund.What account should be debited in the general fund on September 15 to record this transfer?
A) Appropriations
B) Expenditures
C) Budgetary Fund Balance-Assigned For Encumbrances
D) Other Financing Uses-Transfer Out to Capital Projects Fund
Correct Answer:
Verified
Correct Answer:
Verified
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