Most governments budget (appropriate) resources for principal and interest only for the period in which a payment is due-not for future payments.

Question

Quizplus · Accepted Answer

Governments typically budget for principal and interest payments in the fiscal period in which these payments are due, rather than setting aside resources in advance for future payments. This approach aligns with cash-based accounting practices, where transactions are recognized when cash is exchanged.

Most Governments Budget (Appropriate) Resources for Principal and Interest Only