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

question 25

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 nature of the account (permanent/temporary).
Example:

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Definitions:

C2C

Consumer-to-Consumer, a business model that facilitates commerce between private individuals on the internet.

C2B

Consumer to Business, a type of economic relationship where individuals sell products or services to businesses.

Geolocation

The method of identifying the geographical location of a person or device, usually by utilizing information processed through the Internet.

GPS

A global positioning system that uses satellites to provide location and time information in all weather conditions, anywhere on or near the Earth.