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

question 79

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, and in column 3 the financial statement on which the account balance is reported.
- $$\begin{array} { | l | l | l | l | } \hline & \text { Column 1 } & \text { Column 2 } & \text { Column } 3 \\\hline \text { Sales Discounts } & & & \\\hline\end{array}$$

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Definitions:

Hedonism

A doctrine that proposes seeking pleasure and avoiding pain are essential objectives for humans.

Predestination

is the theological doctrine that all events, including human salvation or condemnation, have been willed by God beforehand.

Forms

In philosophy, particularly Platonic thought, the abstract, perfect, unchangeable concepts or ideals that represent the most accurate reality.

Egoism

A moral philosophy that sees the pursuit of one's own good as the basis of ethical behavior.