Multiple Choice
With respect to Debt Service Funds,which of the following is not correct?
A) Typically, resources are provided through transfers from the General or other funds.
B) There are two types of debt service expenditures: interest and principal.
C) Debt service funds never accrue interest.
D) In most cases, interest and principal payments are not recorded until payment is due.
Correct Answer:
Verified
Correct Answer:
Verified
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