Which of the Following Would Be Considered an Internal Exchange

question 43

Multiple Choice

Which of the following would be considered an internal exchange transaction?

• A) The General Fund transfers $200,000 to establish a Central Supplies Fund; this amount will not be repaid.
• B) The General Fund transfers $125,000 to the Debt Service Fund for payment of currently due bond interest payments.
• C) The General Fund transfers $9,000 to the Central Supplies Fund for supplies it received from Central Supplies.
• D) The Capital Projects Fund completes a library building project and transfers the remaining cash to the Debt Service Fund.

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Definitions:

Business Evolves

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