A Transfer from the General Fund to a Debt Service

question 145

Multiple Choice

A transfer from the General Fund to a debt service fund to make annual payments on principal and interest would be recorded in the debt service fund as a an:

• A) Other Financing Source.
• B) Revenue.
• C) Direct addition to Fund Balance.
• D) Other Financing Use.

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Definitions:

Psychology

The scientific study of the mind and behavior, encompassing various aspects of human experience, cognition, and emotion.

Empirical Claims

Claims that can be true or false depending on the facts.

Prove

To demonstrate the truth or existence of something through evidence or argument.

Confirmation Bias

The tendency to search for, interpret, and remember information in a way that confirms one's preconceptions.