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Transculturation is
Cash
Cash refers to money in the form of currency, including coins and banknotes, that can be used immediately for transactions.
Expense
An outflow of money or other resources incurred as a result of the company’s operations to generate revenue, representing the cost of doing business.
Prepaid Insurance
An asset account that represents insurance payments made in advance for future coverage periods.
Insurance Expense
The cost incurred by a company to insure its assets, operations, or liabilities against various risks over a specific period.
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