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An Interfund Transfer of $30,000 Was Made from the General

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An interfund transfer of $30,000 was made from the General Fund to the debt service fund.(No previous entries were made regarding this transaction).When this event occurred,indicate whether each of the following accounts of the General Fund should be debited (D),credited (C),or is not affected (N).
_____ 1.Interfund Loan to Debt Service Fund-Noncurrent.
_____ 2.Due from Debt Service Fund.
_____ 3.Cash.
_____ 4.Other Financing Uses-Interfund Transfers Out.
_____ 5.Encumbrances.

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Definitions:

Management Buy-in

The support and acceptance of a proposal or project by the higher-level management within an organization.

Planning Process

A systematic series of steps that helps an individual or organization to set goals, strategies, and evaluate the paths to achieving them.

Situation Analysis

The assessment of internal and external factors affecting an organization's performance to identify strengths, weaknesses, opportunities, and threats.

Key Message

Theme or idea in a strategic plan that is specially designed to communicate an essential point or view that is critical to accomplishing an overall objective.

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