Which of the Following Is Not True

Multiple Choice

Which of the following is not true?

A) The debt service activity of a government may be properly accounted for within the General Fund unless law mandates the use of a debt service fund.
B) Debt service funds,unlike the General Fund and special revenue funds,do not use budgetary accounting procedures.
C) Expenditures for interest on tax supported long-term debt are not accrued,even though debt service funds are accounted for on the modified accrual basis.
D) At year-end,budgetary and operating statement accounts of a debt service fund are closed in the same manner as is true for a General Fund or special revenue funds.