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