Question
An annual repayment of principal on a serial bond should be reported in a Debt Service fund as: A. An expenditure B. An Other Financing
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An annual repayment of principal on a serial bond should be reported in a Debt Service fund as:
An annual repayment of principal on a serial bond should be reported in a Debt Service fund as:
| A. | An expenditure | |
| B. | An Other Financing Use | |
| C. | A reduction in Bonds Payable | |
| D. | A direct charge to the fund balance |
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Which of the following accounts would you least expect to see in a debt service fund?
| A. | Outstanding balance of debt being serviced | |
| B. | Expenditure - Interest | |
| C. | Expenditure - Principal | |
| D. | Cash |
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Harold Cecil Edey A Collection Of Unpublished Material From A 20th Century Accounting Reformer
Authors: Martin E. Persson
1st Edition
1789736706, 9781789736700
