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 (temporary/permanent).
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Definitions:
Broad Guideline
General principles or recommendations that provide direction without being overly prescriptive or detailed.
Fixed Budget
A budget that remains constant, regardless of changes in business activity levels, revenues, or expenses.
Allocates
The process of distributing resources or tasks among people or places, typically according to a plan.
Fixed Amount
A specific, unchanging quantity or sum, often relating to financial transactions, salaries, or budgets.
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