A nonrecurring contribution from the General Fund to the Enterprise Fund is an example of an interfund:
A) reimbursement.
B) transfer.
C) services provided and used.
D) loan.

Question

Quizplus · Accepted Answer

Interfund transfers are movements of resources from one fund to another within the same governmental entity, without expectation of repayment. A nonrecurring contribution from the General Fund to the Enterprise Fund is an example of such a transfer, as it is a one-time movement of resources not intended to be repaid, distinguishing it from loans or reimbursements.

A Nonrecurring Contribution from the General Fund to the Enterprise