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

question 75

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).
- $\begin{array} { | l | l | l | l | l | } \hline & \text { Column 1 } & \text { Column 2 } & \text { Column 3 } & \text { Column 4 } \\\hline \text { Cash } & & & & \\\hline\end{array}$

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Definitions:

Job Order Costing System

An accounting method used to assign product costs based on specific customer orders, tracking costs for each job separately.

Cost Accounting Systems

Methods and procedures used to measure, record, and report product costs.

Process Cost

A method of costing that is used to determine the cost of producing products in continuous processes or operations.

Job Order Cost

A cost accounting system that accumulates costs according to specific jobs or orders, tracking the expenses related to individual products or projects.