Creditors use accounting information.
A creditor or lender uses accounting information to determine a borrower's ability to repay a loan, the number of the borrower's assets and liabilities, proof of income, economic status, etc. before the borrower lends money to an economic entity.
Accounting plays an important role in running a business, tracking income and expenses, ensuring regulatory compliance, and providing quantitative financial information that can be used to make business decisions for investors, management, and government. To provide.
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