With respect to Debt Service Funds,which of the following is not correct?
A) Typically, resources are provided through transfers from the General or other funds.
B) There are two types of debt service expenditures: interest and principal
C) In most cases, interest and principal payments are not recorded until payment is due.
D) Encumbrances are recorded to reflect principal payments that are expected to come due within the current accounting period.
Correct Answer:
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