It is sometimes said that in debt service funds the accounting for interest revenue is inconsistent with

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It is sometimes said that in debt service funds the accounting for interest revenue is inconsistent with that for interest expenditure. Explain. What is the rationale for this seeming inconsistency?

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Government and Not for Profit Accounting Concepts and Practices

ISBN: 978-1118155974

6th edition

Authors: Michael H. Granof, Saleha B. Khumawala

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Question Posted: Aug 13, 2014 11:46 AM

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It is sometimes said that in debt service funds the accounting for interest revenue is inconsistent with

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Interest on investments is generally recognized as revenue is earned ie on a full accr...View the full answer

Government and Not for Profit Accounting Concepts and Practices

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