question archive How are general long term liabilities distinguished from other long term liabilities of the government?  How does the financial reporting of a general long-term liabilities differ from the financial reporting of other long term liabilities? Governments are prevented from borrowing unlimited funds through the enforcement of debit limits

How are general long term liabilities distinguished from other long term liabilities of the government?  How does the financial reporting of a general long-term liabilities differ from the financial reporting of other long term liabilities? Governments are prevented from borrowing unlimited funds through the enforcement of debit limits

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How are general long term liabilities distinguished from other long term liabilities of the government?  How does the financial reporting of a general long-term liabilities differ from the financial reporting of other long term liabilities?

Governments are prevented from borrowing unlimited funds through the enforcement of debit limits. Explain the concept of a debit limit. How is the concept of borrowing power of debit margin connected to debit limits?

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