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What is a normal balance

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1. What is a normal balance? What types of accounts are increased with a debit? Can these accounts be credited? If so, when? Please provide an example to help explain.

2. If you were a creditor and considering whether to give a loan to a company, what types of information would you be interested in? What useful information could you find by examining the Balance Sheet and Income Statement? (Be specific as to which accounts to examine and would you like to see them going up or down over time?) What other types of questions would you ask the borrower?

Reference no: EM133254155

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