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

question 20

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 account's nature (permanent/temporary).
-

---

Definitions:

Norm Of Reciprocity

A social expectation that people will respond to each other in kind, returning benefits for benefits.

Public Commitments

Declarations or promises made by individuals or organizations in a public or formal setting, indicating their intention to engage in specific actions or behaviors.

Statements Of Commitment

Pronouncements or declarations that express one's intention to be dedicated to a cause, task, or relationship.

Rationale

A fundamental reason or the logic underpinning a belief, action, or argument.