With Respect to Debt Service Funds,which of the Following Is

question 30

Multiple Choice

With respect to Debt Service Funds,which of the following is not correct?

• A) Typically, resources are provided through transfers from the General or other funds.
• B) There are two types of debt service expenditures: interest and principal
• C) In most cases, interest and principal payments are not recorded until payment is due.
• D) Encumbrances are recorded to reflect principal payments that are expected to come due within the current accounting period.