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    Business
  3. Study Set
    Accounting for Government and Nonprofit Organizations
  4. Exam
    Exam 2: The Use of Funds in Governmental Accounting
  5. Question
    It Is Not Possible for Expenditures of a Debt Service
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It Is Not Possible for Expenditures of a Debt Service

Question 7

Question 7

True/False

It is not possible for expenditures of a Debt Service Fund to exceed revenues in a particular year.

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