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Why do governments use the capital projects fund to account

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Reference no: EM132945401

Capital Projects Funds and Debt Service Funds are used by governments to account for and report financial resources that are assigned, committed, or restricted to expenditures for capital outlays and expenditures for principal and interest on long-term debt.

Problem 1: How and why do governments use the capital projects fund to account for resources geared towards the acquisition of capital assets?

Problem 2: How and why do governments use the debt service funds to account for resources used towards repayment of debt principal and interest?

Reference no: EM132945401

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