Interest on long term debt


In which fund type is interest on long term debt typically not accrued, yet is recognized as an expenditure in the year in which interest is legally due?

A. Debt service fund

B. Enterprise fund

C. Pension fund

D. Internal service fund

Request for Solution File

Ask an Expert for Answer!!
Business Management: Interest on long term debt
Reference No:- TGS093866

Expected delivery within 24 Hours