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A reducing medium contains
Bank Service Charge
Fees charged by banks for the use of their services, such as account maintenance and wire transfer fees.
Cash Short
A situation where the actual cash on hand is less than the expected amount, often detected through cash register or petty cash reconciliations.
Selling Expenses
Costs directly associated with the marketing and selling of products or services.
Bank Reconciliation
The process of comparing and adjusting the balance shown in an organization's bank statement, with the balance shown in its own financial records.
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