Briefly outline how the presentation of assets and liabilities on the statement of financial position of a

Question:

Briefly outline how the presentation of assets and liabilities on the statement of financial position of a government differs from the presentation shown on the of a typical business enterprise.
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...