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Explain what to do if you think you might be low on system resources.
Ledgerizing
The process of posting journal entries to the ledger accounts as a step in the accounting cycle for organizing financial information.
Journalizing
The act of recording financial transactions in a company's journal in order of occurrence before they are posted to the general ledger.
Posting
The process of transferring journal entry amounts to the respective accounts in the general ledger.
Prepaid Rent
The amount paid for rent before it is due, recorded as an asset on the balance sheet and expensed over the period the payment covers.
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