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Which of the following is a characteristic of insurance?
T Account
A visual representation used in accounting to depict the debits and credits of an account, helping to simplify transaction analysis.
Interest Earned
The income received from various forms of investments, such as savings accounts, bonds, or loans.
Credit Side
The right side of an account in double-entry bookkeeping, where increases in liabilities, equity, and revenue are recorded.
Debit Side
The debit side of an account records increases in assets or expenses and decreases in liabilities, equity, and income.
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