Which of the following debt service funds would normally have the largest balance in its Fund Balance account?
A) Serial bond debt service fund.
B) Deferred serial bond debt service fund.
C) Irregular serial bond debt service fund.
D) Term bond debt service fund.

Question

Quizplus · Accepted Answer

The term bond debt service fund would normally have the largest balance in its Fund Balance account because term bonds have a longer maturity period than other types of bonds, resulting in a longer amortization period for debt service payments. This allows for a larger accumulation of resources in the fund for the payment of principal and interest on the term bonds.

Which of the Following Debt Service Funds Would Normally Have