When does gaap require the use of a debt service fund
1. When does GAAP require the use of a debt service fund?
2. Are there instances when a governmental entity is not required to use a debt service fund?
3. Why don't business type organizations use a debt service fund?
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Let's also list some advantages of using a capital projects fund. What benefits does the use of a capital projects fund provide?
1. When does GAAP require the use of a debt service fund? 2. Are there instances when a governmental entity is not required to use a debt service fund?
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