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Author Question: A city's General Fund provides a two-year loan to the Internal Service Fund. To record this ... (Read 51 times)

Jipu 123

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on: Jul 5, 2018
A city's General Fund provides a two-year loan to the Internal Service Fund. To record this transaction the city should record a debit to what account in the General Fund?
 
  a. Due from the Internal Service Fund
  b. Advance to the Internal Service Fund
  c. Advance from the Internal Service Fund
  d. Transfer to the Internal Service Fund

Question 2

The increase side of an account is also the side of the normal balance.
 a. True
  b. False
 
   Indicate whether the statement is true or false


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sarah_brady415

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Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

True


Jipu 123

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  • Posts: 569
Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

jojobee318

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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