For Each of the Following, Identify in Column 1 the Category

question 81

Essay

For each of the following, identify in Column 1 the category to which the account belongs, in Column 2 the normal balance for the account, in Column 3 the financial statement in which the account balance is reported, and in Column 4 the account's nature (permanent/temporary).
- $$\begin{array} { | l | l | l | l | l | } \hline & \text { Column 1 } & \text { Column 2 } & \text { Column } 3 & \text { Column } 4 \\\hline \text { Repairs expense } & & & & \\\hline\end{array}$$

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Definitions:

Capacity

The maximum amount that something can contain or produce, or the ability of an individual or organization to accomplish a task.

Global Entrepreneurship Monitor

A research program aiming to assess the state of entrepreneurial activities, aspirations, and attitudes across various countries.

Entrepreneurs

Individuals who initiate, manage, and assume the risks of starting and running a new business or enterprise.

Percentage

A way of expressing a number as a fraction of 100, denoting a part of a whole in terms of per hundred.