A chocolate store pays its supplier $800 by check. The company records a decrease in cash immediately, but the bank doesn't record a decrease in cash until the supplier later deposits the check. This gives rise to a (n)

Question

Mathematics

Ibrahim Ray

5 April, 19:10

A chocolate store pays its supplier $800 by check. The company records a decrease in cash immediately, but the bank doesn't record a decrease in cash until the supplier later deposits the check. This gives rise to a (n)

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Answers (1)

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Dangelo Obrien · Answer 1

The answer is Timing Difference

Explanation:

Timing distinction is the idea of the bookkeeping that happens because of the change issues. The planning contrast is the term that is amazingly utilized in the money related announcing or tax collection purposes. The technique for computation of the devaluation is distinctive in both monetary bookkeeping and tax collection. Timing contrasts definition. Transitory contrasts between the detailing of an income or cost for budgetary explanations (books) and the revealing of the thing for money impose reason.