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

Answer rating: 100% (QA)

Answer Correct option is Choice D As general fund transfer... View the full answer