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A successful implementation of an ERP system is:
Chronological Order
The arrangement of events, documents, or records in the sequence of their occurrence.
Prepaid Insurance
An asset account representing insurance payments made in advance of the coverage period, recognized as an expense over time.
Insurance Payable
A liability account that represents amounts owed for insurance premiums that are due but not yet paid.
Proprietorship
A business owned by one individual.
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