1. Payment of principal and interest on debt is referred to as ________. 2. A periodic transfer...
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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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Introduction to Governmental and Not for Profit Accounting
ISBN: 978-0132776011
7th edition
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
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