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Selective combination, selective comparison, and selective encoding are all related to
Double-entry Accounting
An accounting method that records each transaction twice, as both a debit and a credit, to maintain the balance of the accounting equation.
Debit Account Balances
Balances that appear on the left side of the ledger, indicating resources or expenses.
Credit Account Balances
The amount owed by a borrower on a credit account, reflecting any purchases, payments, charges, or adjustments.
Equity
The value of an owner’s interest in a property or a business, after deducting liabilities and debts.
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