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
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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?