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Author Question: At what point should interest be recognized as an expenditure in a Debt Service Fund? a. when it ... (Read 67 times)

ap345

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on: Jul 5, 2018
At what point should interest be recognized as an expenditure in a Debt Service Fund?
 
  a. when it accrues
  b. when it is paid
  c. when it is due and payable
  d. when the bonds resulting in payment of interest are issued

Question 2

Which one of the fixed asset accounts listed below will not have a related contra asset account?
 a. Office Equipment
  b. Land
  c. Delivery Equipment
  d. Building


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LegendaryAnswers

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Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

b


ap345

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  • Posts: 537
Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

laurnthompson

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  • Posts: 334
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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