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  2. Topic
    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 2: Principles of Accounting and Financial Reporting for State and Local Governments
  5. Question
    A Debt Service Fund Is Used to Account for Financial
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A Debt Service Fund Is Used to Account for Financial

Question 57

Question 57

True/False

A debt service fund is used to account for financial resources segregated for the purpose of making principal and interest payments on general long-term debt.

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