Question: 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

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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