Chapter 3: Book URL:https://openstax.org/books/principles-financial-accounting/pages/1-why-it-matters

2.Explain normal balances. Give three examples of accounts that will normally have a debit balance and three accounts that will normally have a credit balance.

3.Can a credit entry be described as a generally positive or negative transaction? Explain.

4.Does the order in which financial statements are prepared matter?