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Q.1.2 For each of the following statements, indicate if the statement is true or false by completing the table below. In your answer book you

Q.1.2

For each of the following statements, indicate if the statement is true or false by completing the table below. In your answer book you need only write the number of the question and indicate whether it is true or false. For example, Q.1.2.x - True:

STATEMENT

TRUE

FALSE

Q.1.2.1

Interest on current is an example of a timing difference.

Q.1.2.2

Direct deposit is an example of an adjusting difference.

Q.1.2.3

Bank charges is an example of a timing difference.

Q.1.2.4

Interest on overdraft is an example of a timing difference.

Q.1.2.5

Debit order is an example of an adjusting difference.

Q.1.2.6

Bank understates a deposit on the bank statement is an example of a timing difference.

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