ACCT567 Purpose Debt Service

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ACCT567 Purpose Debt Service
When does GAAP require the use of a debt service fund? Are there instances when a governmental…

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ACCT567 Purpose Debt Service

ACCT567 Purpose Debt Service

Discussions Week 3 All Students Posts 42 Pages

When does GAAP require the use of a debt service fund? Are there instances when a governmental entity is not required to use a debt service fund? Let’s address the introductory questions in this discussion also: When does GAAP require the use of a debt service fund? Are there instances when a governmental entity is not required to use a debt service fund? Why don’t business type organizations use a debt service fund?…