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A major advantage of O-O designs is that systems analysts can save time and avoid errors by using ____ objects.
Journal Entry
A record in accounting that represents a transaction in the books of account, consisting of debits and credits.
Prepaid Rent
An asset account on the balance sheet representing rent payments made in advance of the rental period.
Adjusting Entry
A journal entry made in accounting records at the end of an accounting period to allocate income and expenditure to the appropriate periods.
Accrued Fees
Charges that have been incurred but not yet paid or recorded at the end of a reporting period, representing liabilities on the balance sheet.
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