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For each of the following accounts,state type of account and the normal account balance.Assume a periodic inventory system.
Validity
Validity refers to the degree to which a test or measurement accurately reflects or assesses the intended specific concept or attribute.
Reliability
The extent to which a measurement is free from random error.
Acceptability
The degree to which a concept, action, or thing is regarded as suitable or satisfactory by a group or society.
Specificity
The degree to which something is precise, detailed, or strictly defined.
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