Which of the Following Debt Service Fund Accounts Would Not

question 39

Multiple Choice

Which of the following debt service fund accounts would not be closed at the end of each fiscal year?

• A) Estimated Revenues.
• B) Fund Balance.
• C) Revenues.
• D) Expenditures-Bond Interest.

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Definitions:

Fossil Fuels

Natural fuels such as coal, oil, and natural gas, formed from the fossilized remains of ancient plants and animals.

Coal

A combustible black or brownish-black sedimentary rock used primarily as a fuel in the production of electricity and heat, formed from plant remains over millions of years.

Oil

A viscous liquid derived from petroleum, used as fuel and in the manufacture of various goods.

Natural Gas

An energy-producing fossil fuel that predominantly contains methane, utilized for heating, cooking, and generating electricity.