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Conflicts are inevitable;hence,they should be accepted as there is little managers can do to minimize the occurrence.
Debits
Debits refer to an accounting entry that results in either an increase in assets or expenses or a decrease in liabilities or equity on a company's balance sheet.
Ledger
A Ledger is a book or collection of accounts in which account transactions are recorded, classified, and summarized.
Wages Expense
The total cost incurred by a company for paying its employees, including salaries, wages, and other forms of compensation.
Overpayment Error
A financial mistake where more money is paid out than is owed or necessary, leading to a discrepancy in accounts.
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