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Generalized reciprocity is when gifts are given without expectations of immediate return of a gift. this is found in all foraging and tribal societies. forms of these type of exchange are still found in modern societies but is focused primarily within a circle of family and friends and is no longer necessary for survival.On the other hand, balanced reciprocity is when gifts are given with explicit expectation of a return gift. gifts do not need to be equivalent value in many cases, and they usually occur between non-blood

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Where is it possible to learn about the concept of reciprocity?

You can find general basic information on reciprocity on Wikipedia. Some books on reciprocity are: Reciprocity, by Lawrence Baker, A cooperative species: Human reciprocity by Lawrence Baker, Trust and Reciprocity: Interdisciplinary Lessons for experimental research, by Elinor Ostrom.


Is a balance sheet the same as a general ledger?

No, a balance sheet is not the same as a general ledger. A balance sheet is a financial statement that summarizes a company's assets, liabilities, and equity at a specific point in time, providing a snapshot of its financial position. In contrast, a general ledger is a comprehensive record of all financial transactions over a period, detailing the individual accounts that contribute to the overall financial statements, including the balance sheet.


How do European and Japanese feudal societies compare an contrast?

The basic idea is the same, but instead of pledging fealty to royalty, the Japanese feudal system will have a military general at the top (shogun).


Compare and contrast the military methods of Lee and Grant?

Robert E. Lee was a traditional commanding general who came from an engineering background. U S Grant was fairly nontraditional who took many chances.


Does the general journal have to balance?

Any journal has to balance.


How entries are posted from general ledger to trial balance?

Extract of head of account wise debit balance or credit balance from the general ledger has to be posted in the trial balance.


How do you compare and contrast the characteristics and capabilities of computers from one generation to the next?

From a generation to the one after, computers became faster and smaller in size. They also consumed less power, generated less heat and became more general-purpose.


Is tax a asset or expense and how do I record it in the General journal or balance sheet-?

Tax is an expense, you do not record it in a balance sheet but on the general journal.


Which statements are prepared from the general ledger with no changes to the account balance?

balance sheet


Is a diagram and a venndiagram the same thing?

a Venn diagram consists of two overlapping circles, and is generally used as a compare and contrast diagram. a diagram in general is just a way to show information. in short, they are not the same thing, a venn diagram is a type of diagram.


List of the accounts in the general ledger with its balance as of a particular date.what is it?

This report is known as the trial balance.


Does a general journal have a balance column?

No, a general journal does not have a balance column. It is used to record transactions in chronological order with details like date, accounts affected, debits, and credits, but it does not provide a running balance for accounts. Balances are typically maintained in the general ledger, where accounts are summarized and updated.