September 2023 Governments are not required to accrue interest on long term debt in governmental funds even if the interest is applicable

2024 Government Accounting (Quality answer, follow instructions) Assignment Help

Governments are not required to accrue interest on long term debt in governmental funds even if the interest is applicable 2023

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. (about 200 words with APA formating & references)

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