What Is the Purpose of a Debt Service Fund

question 6

Multiple Choice

What is the purpose of a debt service fund?

• A)to accumulate resources for paying interest on all debt issued by the government
• B)to account for all outstanding long-term and short-term debt issued by the government
• C)to account for outstanding general long-term debt
• D)to accumulate resources for paying principal and interest on general long-term debt

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