The processing mode in which there is no or little delay between any two data processing steps is referred to as:
a. imperial mode
b. periodic mode
c. immediate mode
d. passive mode
Question 2
A Debt Service Fund retires bond principal during the year that is not related to a defeasance. The entry necessary to reflect the principal retirement would be
A. Debit bonds payable and credit cash.
B. Debit other financing use and credit cash.
C. Debit expenditures and credit cash.
D. Debit other financing source and credit cash.