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What are the benefits of using cross-functional teams?
Debit
An accounting entry that either increases an asset or expense account, or decreases a liability or equity account.
Credit
An accounting entry that may either decrease assets or expenses or increase liabilities, equity, and income, recorded on the right side of an accounting ledger.
Trial Balance
An accounting report that lists all the balances in a company's ledger accounts, used to check the accuracy of bookkeeping entries.
Account Balance
The amount of money held in a financial repository, such as a bank account, at any given moment, reflecting all completed transactions.
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