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Which of the following is not a part of the colon?
Premiums Paid
Amounts paid for insurance coverage or policies over a specified period.
Unexpired Insurance
The portion of an insurance premium that has not yet been used up or has not yet expired, representing a future economic benefit.
Insurance Policy
A contract between an insurer and a policyholder in which the insurer agrees to compensate the policyholder for specific losses in exchange for a premium.
Adjusting Entry
A journal entry made at the end of an accounting period to record unpaid expenses or revenues that have accrued, ensuring the accounts reflect the true financial position.
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