Which of the following statements is true?
A) Fund balances of debt service funds are classified as Restricted and Unrestricted.
B) The fund balance of permanent funds should be classified as Nonspendable, Spendable and Committed.
C) The principal of permanent funds are classified as Nonspendable Fund Balance.
D) Any governmental fund may have an Unassigned Fund Balance

Answer rating: 100% (QA)

D Any governmental fund may have an Unas... View the full answer