Governmental Liabilities Account

A Governmental Liabilities Account is an liabilities account that is a governmental balance sheet account.

• Context:
  • It can (often) be reported in a Governmental Balance Sheet.
  • It can range from being a Current Governmental Liabilities Account to being a Non-Current Governmental Liabilities Account.
  • …
• Example(s):
  • City of Pocatello's Liabilities Account (e.g. in a City of Pocatello's statement of net assets September 30, 1011).
  • …
• Counter-Example(s):
  • Governmental Assets Account.
• See: Organizational Liability, Governmental Fund.

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