State the causes of difference occurred due to time lag.

Explanation

(i) Cheques issued by the bank however not however given for payment.
(ii) Cheques paid into the bank however not however collected.
(iii) Direct debits created by the bank on behalf of the client.
(iv) Amounts directly deposited within the checking account.
(v) Interest and dividends collected by the bank.
(vi) Direct payments created by the bank on behalf of the shoppers.
(vii) Cheques deposited/bills discounted dishonoured.