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

question 1

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(s) on which the account balance is reported, and in Column 4 the account's nature (permanent/temporary).
-

Understand the function and utility of Excel's logical functions, such as the IF function.

Master the use of Excel's Auto Fill options to efficiently fill data series and apply formatting.

Recognize and apply the correct method to keep cell references constant using absolute referencing.

Understand the concept of sensitivity or what-if analysis in Excel.

---

Definitions:

Phallic Stage

A phase in Freudian psychosexual development, occurring roughly between the ages of 3 and 6, where the libido's focus is on the genital area.

Defense Mechanisms

Psychological strategies brought into play by individuals to handle reality and maintain self-image by protecting themselves from unpleasant emotions like guilt and anxiety.

Repression

A defense mechanism in psychoanalytic theory where unpleasant thoughts, feelings, or memories are unconsciously excluded from consciousness.

Psychological

Relating to the mind or mental processes and how these affect behavior and well-being.