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3 October, 23:03

The General Fund provides a recurring annual subsidy to the Mass Transit Enterprise Fund to keep bus fares at a reasonable level. How should the General Fund report the subsidy in its financial statements?

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  1. 3 October, 23:17
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    The General Fund should report the subsidy as a transfer out

    Explanation:

    Transfer Out is a process employed in a bid to represent non-business transactions that do not influence Profit and/or Loss processes.
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