The Debt Service Fund of a Governmental Entity Is Accounted

question 29

Multiple Choice

The debt service fund of a governmental entity is accounted for using which of the following bases of accounting?

• A)Budgetary basis.
• B)Cash basis.
• C)Modified accrual basis.
• D)Accrual basis.

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Definitions:

Airways

Airways are the tubes through which air passes to and from an organism's lungs, enabling breathing and gas exchange.

Lungs

Vital organs of the respiratory system responsible for gas exchange, taking in oxygen and expelling carbon dioxide from the body.

Illness Anxiety Disorder

A chronic condition characterized by excessive worry about having a serious illness despite having few or no symptoms.

Obsessive-Compulsive Disorder

A mental health disorder characterized by recurring, unwanted thoughts (obsessions) and repetitive behaviors (compulsions) as an attempt to relieve anxiety.