For Each of the Following Accounts Indicate (A) the Type

question 167

Essay

For each of the following accounts indicate (a) the type of account (Asset, Liability, Equity, Revenue, Expense), (b) the debit and credit effects, and (c) the normal account balance.
Example

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Definitions:

Love And Friendship

Deep, affectionate connections between people, where love involves strong emotions and attachment, and friendship is based on mutual respect, appreciation, and shared interests.

Energizing Force

A motivating factor or influence that drives actions, changes, or developments within individuals or organizations.

Satisfy A Need

Meeting the requirements or desires of a consumer through the provision of products, services, or information.

Motivation

The internal or external factors that stimulate desire and energy in people to be continually interested and committed to a job, role, or subject, or to make an effort to attain a goal.