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Debt Service Fund Definition | Becker

Accounting Dictionary

Debt Service Fund

Debt service funds are set up to account for the accumulation of resources and the payment of interest and principal on all general obligation debt other than that serviced by enterprise funds or by special assessments in another fund. See also general fund and special revenue fund and capital projects fund and permanent fund.

Related Terms:

General Fund [FARBAR]Special Revenue Fund [FARBAR]Capital Projects Fund [FARBAR]Permanent Fund [FARBAR]Back to Dictionary

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