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  3. Study Set
    Essentials of Accounting Study Set 3
  4. Exam
    Exam 5: Accounting for Other Governmental Fund Types: Capital Projects, Debt Service, and Permanent
  5. Question
    If a Government Has Debt Service Due No More Than
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If a Government Has Debt Service Due No More Than

Question 133

Question 133

True/False

If a government has debt service due no more than one month after the end of a fiscal year and has the resources available, then it is permitted to accrue expenditures and a fund liability for the debt service.

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