The Debt Service Fund would record the receipt of money from the General Fund as nonoperating revenue on the activities Statement of Revenues, Expenditures, and Changes in Fund Balance.

Name: The Debt Service Fund would record the receipt of money from the General Fund as nonoperating revenue on the activities Statement of Revenues, Expenditures, and Changes in Fund Balance.
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Question

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Transfers are not an exchange of interfund services and should not be recorded as revenues by the fund receiving the transfer

The Debt Service Fund Would Record the Receipt of Money