Question
The primary reason the balance of cash in the company's records will differ from the balance of cash in the bank's records includes: Timing differences
The primary reason the balance of cash in the company's records will differ from the balance of cash in the bank's records includes:
Timing differences of recording cash transactions by the company and by the bank.
Cash theft by the company's employees.
Accounting errors made by the company.
Accounting errors made by the bank.
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
