Chapter 4 Flashcards
1
Q
Inter fund transfers and inter fund reimbursements.
A
Non-reciprocal inter fund activity
2
Q
Due from other fund dr
Cash Cr
Loans
A
Fund making the payment
3
Q
Cash dr
Due TO other fund
Loans
A
Fund receiving the payment
4
Q
Expenditures dr
Cash cr
Inter fund services
A
Fund making the payment
5
Q
Cash. Dr
Operating revenue Cr
Inter fund services
A
Fund receiving the payment
6
Q
Resources are provided from one fund to another without the expectation they will be paid.
A
Inter fund transfers
7
Q
Internal counterpart to exchange and exchange-like transactions and includes inter fund loans and inter fund services provided and used.
A
Reciprocal inter fund activity
