In a Debt Service Fund

question 48

Multiple Choice

In a Debt Service fund:

• A)​expenditures for interest and principal are recognized when they are due.
• B)​expenditures for interest are recognized as incurred.
• C)long-term debt is reduced by principal payments.​
• D)​funds transferred from the General Fund to cover debt payments are recorded as revenue.

---

Definitions:

Cooled

The process of lowering temperature or the state of being less warm.

Molecules

Molecules are two or more atoms bonded together, forming the smallest fundamental units of a chemical compound that can take part in a chemical reaction.

Biochemical Reactions

Chemical processes that occur within living organisms to support life, including metabolism, respiration, and photosynthesis.

Cooler Temperatures

Conditions or environments characterized by lower thermal energy, often leading to decreased kinetic energy of atoms or molecules.