For each timing difference listed, identify whether the difference would be reported on the book side of the reconciliation or the bank side of the reconciliation. in addition, identify whether the difference would be an addition or subtraction. is book or bank affected? is it an addition or subtraction? addition timing difference

a. deposit in transit

b. bank collection

c. debit memorandum from bank

d. eft cash receipt

e. outstanding checks

f. $1,000 deposit erroneously recorded by the bank as $100

g. service charges

h. interest revenue

i. $2,500 cash payment for rent expense erroneously recorded by the business as bank $250

j. credit memorandum from bank

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

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