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The General Fund recorded a liability to the City-owned electric utility (an enterprise fund of the City) for electricity used during the prior month. The journal entry for the General Fund will include :

A) A debit to Expenditures.

B) A debit to Interfund Transfers Out.

C) A debit to vouchers payable.

D) None of the above.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M993049

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