Which of the Following Is Not True

question 33

Multiple Choice

Which of the following is not true?

• A) The debt service activity of a government may be properly accounted for within the General Fund unless law mandates the use of a debt service fund.
• B) Debt service funds,unlike the General Fund and special revenue funds,do not use budgetary accounting procedures.
• C) Expenditures for interest on tax supported long-term debt are not accrued,even though debt service funds are accounted for on the modified accrual basis.
• D) At year-end,budgetary and operating statement accounts of a debt service fund are closed in the same manner as is true for a General Fund or special revenue funds.

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Definitions:

Scores

Represents numerical expressions of performance or achievement often used in assessments and research.

Time 1

Refers to the initial point or first measurement time in a longitudinal study or time-series analysis.

Observed Score

The score that is recorded or observed. See True Score.

Error Score

The difference between observed values and the values predicted by a model or measure, indicating measurement error or variance.