Examlex
A general rule of thumb is that the actual time to implement an enterprise resource planning (ERP)system may range from 1.5 to 2 times longer than the time period specified by the ERP vendor.
Entry Posted
The action of recording an accounting entry in the ledger, which finalizes the transaction and makes it part of the financial records.
Debit
A bookkeeping record that causes assets to go up or liabilities to go down on a firm's balance sheet.
Equipment
denotes tangible assets used in operations, such as machinery or office equipment, which have a useful life beyond one accounting period.
Liability
A company's financial debt or obligations that arise during the course of its business operations.
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