Author Question: When an Internal Service Fund sends a bill to the General Fund, which account should the Internal ... (Read 54 times)

awywial

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When an Internal Service Fund sends a bill to the General Fund, which account should the Internal Service Fund debit?
 
  a. expenditures - vehicle usage
  b. transfer out to the general fund
  c. revenues - vehicle charges
  d. due from general fund

Question 2

The balance sheet reports earnings on a specific date.
 a. True
   b. False
   Indicate whether the statement is true or false



shaikhs

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Answer to Question 1

d

Answer to Question 2

False



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