When a debt service fund receives resources, it might credit Revenues or Other Financing Sources. Under what circumstances would each of these credits be used?

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 32GI: What is a fund? Distinguish between a fund and an appropriation of retained earnings.
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When a debt service fund receives resources, it might credit Revenues or Other Financing Sources. Under what circumstances would each of these credits be used?

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