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Kevin Is About to Launch a Crowdfunding Campaign and Posts

question 32

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Kevin is about to launch a crowdfunding campaign and posts a request on his Facebook page, asking people to share their experiences on crowdfunding sites.What element of conducting a campaign is Kevin observing?


Definitions:

Timing Difference

The discrepancy that arises between the recognition of revenue or expenses in accounting records and the actual receipt or payment of cash.

Bank Balance

The amount of money held in a bank account at a given moment.

Book Balance

The balance of an account according to the accounting records, before any adjustments for reconciling items.

Check Register

A record of transactions in a checking account, including deposits, checks, and withdrawals.

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