A quasi-external transaction such as the sale of power by the city utility fund to the general fund should be accounted for as
A) Expenditure in the General Fund.
B) Operating Revenue in the Utility Fund.
C) if the transaction had occurred with an external party.
D) all of the above.

Question

Quizplus · Accepted Answer

The Answer of A quasi-external transaction such as the sale of power by the city utility fund to the general fund should be accounted for as
A) Expenditure in the General Fund.
B) Operating Revenue in the Utility Fund.
C) if the transaction had occurred with an external party.
D) all of the above.

A Quasi-External Transaction Such as the Sale of Power by the City