Timing differences discovered when reconciling the bank statement that the bank has not recorded yet,include:
A)Deposits in transit
B)Interest earned
C)Outstanding Checks
D)Both Deposits in transit and Outstanding Checks

Question

Quizplus · Accepted Answer

Deposits in transit and outstanding checks are timing differences that occur because they have been recorded in the company's books but not yet reflected in the bank statement.

Timing Differences Discovered When Reconciling the Bank Statement That the Bank