Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 1 - No. 39)
What causes differences due to processing and other factors affecting payments and receipts?
A recording error in the cash book
Un-honored checks
Items that were recorded in the cash book but did not appear in the bank statement.
All of the above
Explanation
All the above are possible causes, but only the last is categorized that way.
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