When the annual budget is recorded in the general ledger, the Appropriations-Transfers Out account, if used, is credited.

Name: When the annual budget is recorded in the general ledger, the Appropriations-Transfers Out account, if used, is credited.
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When recording the annual budget in the general ledger, the Appropriations-Transfers Out account is credited to indicate the amount authorized to be transferred out of the fund, reflecting a decrease in the fund's available resources for other uses.

When the Annual Budget Is Recorded in the General Ledger