A major exception to the general rule of expenditure accrual for governmental funds of a state or local government relates to unmatured $\begin{array}{lcc}
& \text { Interest on General } & \text { Principal of general } \
& \text { Long-term debt } & \text { Long-term debt } \
\hline a) & \text { Yes}& \text { No}\
b) & \text { No}& \text { Yes} \
c) & \text { Yes }& \text { Yes}\
d) & \text { No }& \text { No}\
\end{array}$

Question

A major exception to the general rule of expenditure accrual for governmental funds of a state or local government relates to unmatured $\begin{array}{lcc}
& \text { Interest on General  } & \text { Principal of general  } \
& \text { Long-term debt } & \text {  Long-term debt } \
\hline a) & \text {  Yes}& \text {  No}\
b) & \text { No}& \text {  Yes} \
c) & \text { Yes }& \text {  Yes}\
d) & \text { No }& \text {  No}\
\end{array}$

Quizplus · Accepted Answer

The Answer of A major exception to the general rule of expenditure accrual for governmental funds of a state or local government relates to unmatured $\begin{array}{lcc}
& \text { Interest on General  } & \text { Principal of general  } \
& \text { Long-term debt } & \text {  Long-term debt } \
\hline a) & \text {  Yes}& \text {  No}\
b) & \text { No}& \text {  Yes} \
c) & \text { Yes }& \text {  Yes}\
d) & \text { No }& \text {  No}\
\end{array}$

A Major Exception to the General Rule of Expenditure Accrual