For Each of the Following (1)identify the Type of Account

question 73

Essay

For each of the following (1)identify the type of account as an asset,liability,equity,revenue,or expense,and (2)identify the normal balance of the account.

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Definitions:

Philosophy

The study of fundamental questions regarding existence, knowledge, values, reason, mind, and language.

Agriculture Industry

The sector of the economy that produces food, fiber, and other goods by the systematic cultivation of plants and husbandry of animals.

First World War

A global conflict that occurred from 1914 to 1918, involving many of the world's powers and marking significant political, social, and military changes.

Dawes Plan

An economic plan devised in 1924 to solve the problem of World War I reparations that Germany had to pay, which aimed to reduce the reparations amount and reorganize the Reichsbank, while also securing loans from the United States to Germany.