One of the objectives of government reporting is to allow users the ability to assess the government's finances.A statement of financial position is prepared and the government's "net debt" is presented on this statement.Describe what is meant by "net debt" and why this is an important indicator of the government's financial position.How does net debt impact the government's accumulated deficit or surplus.

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The Answer of One of the objectives of government reporting is to allow users the ability to assess the government's finances.A statement of financial position is prepared and the government's "net debt" is presented on this statement.Describe what is meant by "net debt" and why this is an important indicator of the government's financial position.How does net debt impact the government's accumulated deficit or surplus.

One of the Objectives of Government Reporting Is to Allow