In the First Space Below, Indicate Whether Each Account Is

question 53

Essay

In the first space below, indicate whether each account is a real or nominal account using (R)Real Account and (N)Nominal Account. In the second space below, indicate by an (X)if the account should be closed.

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Definitions:

Organisational Members

Individuals who belong to, and contribute towards the goals of, an organization, including employees, managers, and stakeholders.

Observable Culture

The visible and tangible aspects of an organizational culture, such as rituals, symbols, behaviors, and physical settings, that can be directly noticed and understood by outsiders.

Core Values

Fundamental beliefs or principles that guide an organization's internal conduct as well as its relationship with the external world.

Organisational Culture

The shared values, beliefs, norms, and practices that shape the social and psychological environment of a business or organization, influencing how people interact and work together.