The City of Holbrook Transferred $100,000 from the General Fund

question 40

Multiple Choice

The City of Holbrook transferred $100,000 from the General Fund to the Debt Service Fund for payment of interest.The appropriate entry in the General Fund to record this transfer would be

• A)Debit Expenditures $100,000; Credit Cash $100,000.
• B)Debit Other financing uses-transfer out $100,000; Credit Cash $100,000.
• C)Debit Fund balance-transfer out $100,000; Credit Cash $100,000.
• D)Debit Other financing sources-transfer in $100,000; Credit Cash $100,000.

---

Definitions:

Primary Data Collection

The process of gathering new and original data directly from sources through surveys, interviews, or experiments.

Behavioral Insights

Understandings drawn from the analysis of individuals' or groups' actions and decision-making processes, often used to improve policy or product design.

Marketing Research Process

An organized method for gathering, analyzing, and understanding data to guide decisions in marketing.

Vacation Destinations

Places regarded as appealing or desirable for holidays and relaxation, often featuring unique attractions, accommodations, and recreational facilities.