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: 4.9 (49 reviews)

Question

Quizplus · Accepted Answer

Differences in the company's cash balance and the bank's cash balance can occur due to timing differences such as outstanding checks or deposits in transit, or due to errors such as incorrect recording of transactions or bank fees.

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