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On a bank reconciliation, which of the following would be deducted from the balance per books?
Advertising Expense
Costs incurred by a business to promote its products or services.
Accounts Payable
Money owed by a business to its suppliers or creditors for products or services received.
Income Statement Accounts
Categories within an income statement that record different types of revenue, expenses, gains, and losses, affecting the net income of a business.
Temporary Accounts
Accounts in the general ledger that are closed at the end of the accounting period, transferring their balances to permanent accounts.
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