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In: Accounting

The funds of a City include a debt service fund, a capital projects fund, and an...

The funds of a City include a debt service fund, a capital projects fund, and an internal service fund.

Required for Initial Discussion Post:

Explain the use of capital projects funds, debt service funds and internal service funds. Include the following in your discussion: what they account for, the basis of accounting used, any unusual entries (if any) and accounts, and their financial statements.

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