Question: Important post Charlotte. A debt limit is designed to help protect the taxpayers and citizens of the government from an excessive tax burden and potential

Important post Charlotte. A debt limit is designed to help protect the taxpayers and citizens of the government from an excessive tax burden and potential downgrade of the credit rating of the government. Could you please research and explain with examples the differences between regular serial bonds and term bonds and how debt service fund accounting differs for the two types of bonds? Be specific in providing your explanation with examples

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