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  3. Study Set
    Government and Not for Profit Accounting Study Set 2
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    Exam 5: Recognizing Expenditures in Governmental Funds
  5. Question
    If Recording a General Long-Term Liability in a Governmental Fund
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If Recording a General Long-Term Liability in a Governmental Fund

Question 8

Question 8

True/False

If recording a general long-term liability in a governmental fund upon issuing a bond, the credit should be to a bonds payable account.

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