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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 that the account in which the account balance is reported.
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Indirect Cost
Expenses not directly tied to the production of goods or services but necessary for the overall operation, such as administration, utilities, and security.
Operating Telephone System
The infrastructure and processes that support the functionality of telephones, enabling voice communication over distances.
Qualifications
The credentials, such as degrees or certifications, that prove someone's capability or skill in a specific area.
Request For Proposals (RFP)
A document issued by an organization asking for detailed proposals from vendors for the provision of goods or services.
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