Which of the following would be considered an internal exchange transaction?
Which of the following would be considered an internal exchange transaction? (Points : 2)
The General Fund transfers $200,000 to establish a Central Supplies Fund; this amount will not be repaid.
The General Fund transfers $125,000 to the Debt Service Fund for payment of currently due bond interest payments.
The General Fund orders and receives supplies from the Central Supplies Fund in the amount of $9,000.
The Capital Projects Fund completes a library building project and transfers the remaining cash to the Debt Service Fund.