EP HORNGREN'S FINAN.+MGRL.ACCT.-ACCESS
EP HORNGREN'S FINAN.+MGRL.ACCT.-ACCESS
7th Edition
ISBN: 9780136516309
Author: MILLER-NOBLES
Publisher: PEARSON CO
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Chapter 7, Problem 7.8SE
To determine

Timing differences: When accounting records are maintained by both bank and business, time interval occurs and thus cash differences occur between cash amount in the bank statement and the cash account in the company books. These time intervals are referred as timing differences.

To identify: The timing differences related to book side or the bank side of bank reconciliation.

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