Because debt service and permanent funds use modified accrual accounting, these funds would typically record encumbrances.
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Q12: Capital Projects funds recognize expenses, but not
Q13: Any governmental fund may have a positive
Q14: Unmatured principal installments and accrued interest which
Q15: The principal of permanent funds is classified
Q16: Fund balances of debt service funds are
Q18: Because capital project, debt service and permanent
Q19: The residual classification for governmental fund balances
Q20: The principal of permanent funds must be
Q21: When accounting for interest expenditures through debt
Q22: In a Statement of Revenues, Expenditures, and
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