Another term for a timing difference is:

Question

Quizplus · Accepted Answer

Temporary difference refers to a difference in the timing of recognizing income or expenses for financial reporting purposes versus tax purposes. This difference is expected to reverse in future periods, resulting in the eventual alignment of financial reporting and tax reporting. The other choices, permanent difference and perpetual difference, refer to differences that do not reverse in the future, while interim difference is not a commonly used term in accounting.

Another Term for a Timing Difference Is