contestada

When reconciling a bank account, which one of the following is considered a timing difference (difference between the bank balance and the book balance)? Multiple Choice Outstanding checks Deposits recorded by the bank Checks that have cleared the bank Errors

Respuesta :

Zviko

Answer:

Outstanding checks

Explanation:

One of the reasons why a cash book and a bank statement might not show identical entries arise from outstanding checks.

Outstanding checks are payments that have not yet been cleared and debited to the account at the bank.

Otras preguntas