The Appropriate Entry in the General Fund to Account for This

question 70

Multiple Choice

The appropriate entry in the general fund to account for this transfer is a credit to cash for $500,000 and a debit for $500,000 to

• A) Due from internal service fund.
• B) Nonreciprocal transfer-out.
• C) Expenditures.
• D) Investment in internal service fund.

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Definitions:

Price Controls

Government-imposed limits on the prices charged for goods and services in a market, aimed at maintaining affordability or preventing inflation.

Hurricane

A powerful tropical cyclone with heavy rain and strong winds, originating over warm ocean waters and potentially causing significant damage upon landfall.

Availability

The state of being able to be used or obtained, typically referring to goods, services, or resources.