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Home Q & A Board Other Fields Homework Help Business Accounting
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goji.go goji.go
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Posts: 5977
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9 years ago
All of the following statements regarding a Debt Service Fund are true except
A.   A Debt Service Fund is rarely used to account for all of a governmental entity's general obligation bond repayments.
B.   Debt service on capital lease obligations is generally not accounted for in a Debt Service Fund.
C.   A government may have several Debt Service Funds.
D.   A government may use one Debt Service Fund to account for multiple general government debt issuances.
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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#1
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9 years ago
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goji.go Author
wrote...
#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
9 years ago
You're very welcome!
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