Governments are not required to accrue interest on, Financial Accounting

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Governments are not required to accrue interest on

Governments are not required to accrue interest on long-term debt in governmental funds even if the interest is applicable to a current period and will be due the first day of the following year. Explain and justify the standards that permit this practice.

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Financial Accounting: Governments are not required to accrue interest on

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Financial Accounting: Governments are not required to accrue interest on

Reference No:- TGS01148670

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