Final answer:
In governmental accounting, the fund balance account in a debt service fund would not be closed at the end of each fiscal year. The correct option is B. Fund Balance.
Step-by-step explanation:
In governmental accounting, debt service funds are used to account for the accumulation of resources that will be used to pay principal and interest on general long-term debt. These funds are used to track and manage the repayment of debt obligations over time.
Out of the given options, the Fund Balance account would not be closed at the end of each fiscal year. The fund balance represents the net resources of the debt service fund, including any unspent revenues and excess fund balance from previous years. It carries over from one fiscal year to the next and is used to meet future debt service obligations.
The other accounts mentioned, such as Estimated Revenues, Revenues, and Expenditures—Bond Interest, would all be closed at the end of each fiscal year as they represent specific financial transactions related to the debt service fund for that year.