When a Supplies Internal Service Fund Records a Billing to the General

question 75

Multiple Choice

When a supplies internal service fund records a billing to the General Fund, the journal entry in the General Fund will include:

• A) A debit to Cost of Supplies Issued.
• B) A credit to Interfund Loans Payable.
• C) A debit to Expenditures.
• D) A credit to Billings to Department.

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Definitions:

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment, emphasizing logical reasoning and evidence-based conclusions.

Essential Qualities

Essential qualities refer to the inherent characteristics or traits deemed necessary or highly important for a specific purpose or role.

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