The GCA-GLTL g/l would not account for accrued but unpaid interest on general long-term liabilities.

Question

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The GCA-GLTL (General Capital Assets and General Long-Term Liabilities) accounts are used in governmental accounting to track capital assets and long-term liabilities, but they do not typically account for accrued but unpaid interest, which is usually recorded in the governmental fund financial statements.

The GCA-GLTL G/l Would Not Account for Accrued but Unpaid