If special assessment receivables are recorded in the accounts of a custodial fund, the appropriate account(s) to credit upon receipt of assessments from property owners will include:

Question

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In a custodial fund, when special assessment receivables are collected, the amount is credited to "Due to Special Assessment Bondholders-Principal" as the fund is responsible for passing the collected amounts to the bondholders.

If Special Assessment Receivables Are Recorded in the Accounts of a Custodial