When using debt service accounting,long term interest is not to be accrued unless the payment is due in no more than one month and the government has resources available for payment.

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Debt service accounting for governments typically follows the modified accrual basis, where interest on long-term debt is only recognized when it is due within a short period (usually one month) and resources are available for payment.

When Using Debt Service Accounting,long Term Interest Is Not to Be