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

Question

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

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 $$\begin{array} { c c c } 
& \begin{array} { c } 
\text { Interest on General } \
\text { Long-term debt }
\end{array} & \begin{array} { c } 
\text { Principal of general } \
\text { Long-term debt }
\end{array} \
\hline  \text { a } & \text { Yes } & \text { No } \
\text { b } & \text { No } & \text { Yes } \
\text { c } & \text { Yes } & \text { Yes } \
\text { d } & \text { No } & \text { No }
\end{array}$$

A Major Exception to the General Rule of Expenditure Accrual