Question: For each timing difference Ited, identify whether the difference would be reported on the book side of the reconciliation or the bark side of the
For each timing difference Ited, identify whether the difference would be reported on the book side of the reconciliation or the bark side of the reconciliation. In addition, identify whether the diference would be an instruction Is book or bank is it an addition or afected? subtraction? Timing difference a Deposit in tranh b. Bank collection c. Debit memorandum from bank EFT receipt .. Outstanding checks $1,000 deposit arroneously recorded by the banks $100 Service charges heest revenue $2.500 cash payment for rent expense arroneously recorded by the business $250 Credit memorandum from bank
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