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Retribution, the philosophy that those who commit criminal acts should be punished based on the severity of the crime, relies on which of the following principles?
Liabilities
Financial obligations or debts a company owes to other entities.
Transposition Error
A mistake made when two digits within a number are mistakenly reversed during data entry or calculation.
Slide Error
A mistake made when data is incorrectly shifted in a spreadsheet or financial analysis, often resulting in significant inaccuracies.
Trial Balance
A trial balance is a report listing the balances of all ledger accounts at a point in time, used to verify that the sum of debits equals the sum of credits in the accounting system.
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