Which of the following items will cause a difference between the book balance and the bank balance?
A)Timing deposits
B)Bank collections
C)Canceled checks
D)Outstanding voided checks

Question

Quizplus · Accepted Answer

Bank collections can cause a difference between the book balance and the bank balance because they may not be recorded in the company's books until after the bank has processed them.

Which of the Following Items Will Cause a Difference Between