A timing difference type of exception in the confirmation process may arise when goods are in transit at the confirmation date.

Question

Quizplus · Accepted Answer

This is true because a timing difference may occur when the goods are still in transit at the time of confirmation, and thus may not have been received and counted by the buyer or seller yet. This timing difference can lead to discrepancies between the physical count and the accounting records, which may require adjustment.

A Timing Difference Type of Exception in the Confirmation Process