A governments interest expenditure as reported in its debt service fund, differs signicantly from its interest expense,

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A government’s interest expenditure as reported in its debt service fund, differs signiﬁcantly from its interest expense, as reported in its government-wide statements. What is the most likely explanation for the difference?

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Government and Not for Profit Accounting Concepts and Practices

ISBN: 978-1118155974

6th edition

Authors: Michael H. Granof, Saleha B. Khumawala

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Question Posted: Aug 13, 2014 11:50 AM

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A governments interest expenditure as reported in its debt service fund, differs signicantly from its interest expense,

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Government and Not for Profit Accounting Concepts and Practices

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