Differences in the company's cash balance and the bank's cash balance occur because of either timing differences or errors.

Name: Differences in the company's cash balance and the bank's cash balance occur because of either timing differences or errors.
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

Differences in cash balance can arise due to timing differences or errors, such as outstanding checks or deposits in transit, bank errors, or company errors in recording transactions.

Differences in the Company's Cash Balance and the Bank's Cash