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After negotiation,alternative dispute resolution is the cheapest form of resolving disputes.
Revenue Account
An account that records the income earned from normal business operations, such as sales of goods or services.
Liability Account
An account recording a company's debts or obligations arising from past transactions or events.
Posting
Posting is the process of recording financial transactions from the journal to the respective ledger accounts, providing a detailed account of all business operations.
Journal
A detailed record where all financial transactions of a business are initially recorded before summarizing them into accounts.
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