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In terms of debits and credits,which of the following accounts have the same normal balances?
Notice Requirement
Legal obligations that mandate certain information be given to relevant parties in specific situations, often within a defined timeframe.
Ordinary Care
The level of attention, caution, and prudence that a reasonable person in similar circumstances would exercise to avoid harm.
Incompetent Person
An individual legally declared unable to handle their own affairs due to mental or physical incapacity.
Guardian
A person legally appointed to manage and make decisions for someone who is unable to take care of their personal affairs, such as a minor or incapacitated individual.
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