The General Fund transferred $50,000 to the debt service fund so the debt service fund could make
Fantastic news! We've Found the answer you've been seeking!
Question:
The General Fund transferred $50,000 to the debt service fund so the debt service fund could make a bond interest payment.
Required:
Record this transaction in the General Fund only. The transaction has no effect at the government-wide level since it occurs between two governmental activities.
Related Book For
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
Posted Date: