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

question 39

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 on which the account balance is reported, and in Column 4 the account's nature (permanent/temporary).
- $$\begin{array} { | l | l | l | l | l | } \hline & \text { Column 1 } & \text { Column 2 } & \text { Column 3 } & \text { Column 4 } \\\hline \text { Purchases } & & & & \\\hline\end{array}$$

---

Definitions:

Economic Development

The process by which a nation improves the economic, political, and social well-being of its people.

World Bank

An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.

International Division

Refers to the specialization of countries in particular industries or activities on a global scale.

World Systems Theory

Theory that capitalism is a single world economy and that there is a worldwide system of unequal political and economic relationships that benefit the technologically advanced countries at the expense of the less technologically advanced.