Final answer:
Interfund transfers are classified as either other sources or uses. They involve the transfer of money or assets between different funds within an organization. These transfers can occur for various reasons, such as reallocating funds or funding specific projects.
Step-by-step explanation:
Interfund transfers are classified as either other sources or uses. They involve the transfer of money or assets between different funds within an organization, such as a government entity or a company. These transfers can occur for various reasons, such as reallocating funds from one department to another or funding specific projects or expenses.