On the balance sheet of a bank, what is the best description of the nature of checking accounts of customers?

All processes, information systems, and information must be constructed to facilitate an organization's competitive strategy

Indicate whether the statement is true or false

Nathan Township's General Fund transfers three vehicles to the Internal Service Fund. The vehicles, which have a useful life of five years, are transferred at the end of their fourth year. The original cost for all three vehicles totaled $75,000

The entry in the Internal Service Fund would be Debit Credit A. Vehicles Accumulated Depreciation – Vehicles Net Investment in Capital Assets $75,000 $60,000 15,000 B. Vehicles Accumulated Depreciation – Vehicles Capital Contributions $75,000 $60,000 15,000 C. Vehicles Capital Contributions $15,000 $15,000 D. Vehicles Accumulated Depreciation – Vehicles Transfer from General Fund $75,000 $60,000 15,000