Which of the following assets would not be found in the balance sheet of a debt service fund?
A) Cash with fiscal agent.
B) Investments.
C) Equipment.
D) Interest Receivable.

Question

Quizplus · Accepted Answer

Equipment would not be found in the balance sheet of a debt service fund as it is not directly related to the fund's purpose of servicing debt. The other options, cash with fiscal agent, investments, and interest receivable are all items that would typically be included in the balance sheet of a debt service fund.

Which of the Following Assets Would Not Be Found in the Balance