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According to the authors,minimizing a dispute means to
Debits
An accounting entry that increases an asset or expense account, or decreases a liability or equity account, recorded on the left side of the ledger.
Credits
Credits are accounting entries that increase liabilities or equity accounts, or decrease asset or expense accounts.
Trial Balance
A list of all general ledger accounts and their balances at a particular time, ensuring that debits equal credits in the double-entry accounting system.
Normal Balances
The side (debit or credit) of an account that is expected to have a higher balance given the account type's role in accounting.
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