A Customer Mails and Records a Cheque to a Client

Multiple Choice

A customer mails and records a cheque to a client for payment of an unpaid account on December 30.The client receives and records the amount on January 2.The records of the two organisations will be different on December 31.

A) This is a timing difference.
B) This is a cutoff misstatement.
C) both A and B
D) none of the above