Question

1. Payment of principal and interest on debt is referred to as ________.
2. A periodic transfer of resources from the General Fund to a Debt Service Fund is reported as a(n) ________ on the operating statement of the funds.
3. Payment of principal is reported as a(n) ________ on the ________ of a Debt Service Fund.
4. A financial institution that makes principal and interest payments in the name of a governmental unit is called a(n) ____________.
5. A debit balance in Fund balance is called a(n) ____________.



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  • CreatedJune 05, 2015
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