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One of the limitations of Jean Piaget's theory is that recent evidence indicates that children develop several key cognitive abilities later than Piaget originally thought.
Debit Balance
An account balance where total debits exceed total credits.
Debit
An accounting entry that increases an asset or expense account, or decreases a liability or equity account, used in double-entry bookkeeping.
Credit
An accounting entry that either increases a liability or equity account, or decreases an asset or expense account.
Decrease
A reduction in the size, amount, or rate of something.
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