Provide an Explanation for Each of the Follow Asset Accounts

question 61

Essay

Provide an explanation for each of the follow asset accounts.
$$\begin{array} { | l | l | } \hline \text { Account Name } & \text { Explanation } \\\hline \text { Accounts Receivable } & \\& \\\hline \text { Prepaid Expense } & \\& \\\hline \text { Notes Receivable } & \\& \\\hline\end{array}$$

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Definitions:

Norms

Culturally defined rules that outline appropriate behaviours.

Folkways

Informal norms that suggest customary ways of behaving.

Identifier Of Culture

Elements or symbols that are recognized as representing particular cultures, such as language, art, or rituals.

Values

Cultural assessments that identify something as right, desirable, and moral.