Which of the following statements is always true concerning the reporting of debt service funds?

Which of the following statements is always true concerning the reporting of debt service funds?  (Points : 2)
Debt service funds are reported in a separate column in the governmental fund financial statements.
Debt service funds are reported in a separate column in the government-wide financial statements.
Debt service funds are reported in the Other Governmental Funds column in the governmental fund financial statements.
Debt service funds are reported in the Governmental Activities column in the government-wide financial statements.

Place Your Order Here!

Leave a Comment

Your email address will not be published. Required fields are marked *