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

question 28

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) Debt service funds never accrue interest.
• D) In most cases, interest and principal payments are not recorded until payment is due.

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