Choice "B" is correct. The correct choice is expenditure. Transactions between the fiduciary funds and governmental and proprietary funds are handled as if the fiduciary fund (in this case the pension fund) was administered by a separate trustee. Choice "d" is incorrect. GRaSPP funds do not record expenses.Choice "a" is incorrect. The transaction is not handled like an interfund transfer. And even if it were, the relationship is backward.Choice "c" is incorrect. The transaction is not handled like an interfund transfer.
