Debt Service Funds usually have no fund balance.

Name: Debt Service Funds usually have no fund balance.
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Question

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Debt Service Funds typically have a fund balance because they are used to account for the accumulation of resources for, and the payment of, general long-term debt principal and interest. The fund balance represents the difference between the fund's assets and liabilities, indicating resources that have yet to be used for debt service.

Debt Service Funds Usually Have No Fund Balance