Identify the various sub-classifications of expenditures used in governmental budgeting and accounting.
Answer to relevant QuestionsWhat is a voucher? What purpose does a voucher serve? 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. ...1. An Internal Service Fund is used when goods and/ or services are provided to _______. 2. A budget that is based on the level of activity attained in a fund is called a ________. 3. The _______ basis of accounting is used ...Can the governmental unit sponsoring an external investment pool participate in it? What is a special item in financial reporting?
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