Sunday, March 3, 2013

Chapter 7 – interfund transaction

What is meant by the term interfund transaction and what are the four types of such transactions?

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1 comment:

  1. Taylor OckingaMarch 6, 2013 at 6:02 PM

    Interfund transactions are any transactions between funds, such as a transaction between the General Fund and the Special Revenue Fund.

    The four types are:
    1. Interfund loans
    2. Interfund services provided and used
    3. Interfund transfers
    4. Interfund reimbursements

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