Examlex
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 that the account in which the account balance is reported, and in column 4 the account's nature (permanent/temporary).
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Motor Oil Sales
The commercial activity of selling oil used for lubricating the engines of vehicles.
Exponentially Smoothed Sales
A forecasting technique that applies weighting factors which decrease exponentially over time, used to smooth time series data.
Biodiesel Sales
The volume or number of units of biodiesel fuel sold within a specific time period.
Exponential Smoothing
A forecasting technique for single-variable data that uses exponentially diminishing weights for previous observations.
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