A is corrent. Per GASB Codification Section 1300, the debt service fund of a governmental unit is used to account for the accumulation of resources for, and the payment of, general long-term debt principal and interest.
B is incorrect. The fund is also used for the payment of interest.
C is incorrect. The fund is used for the payment of principal and interest.
D is incorrect. The fund is also used for the payment of principal.
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