Bank errors
A)occur because of time lags.
B)must be corrected by debits.
C)are infrequent in occurrence.
D)are corrected by making an adjusting entry on the depositor's books.

Name: Bank errors A)occur because of time lags. B)must be corrected by debits. C)are infrequent in occurrence. D)are corrected by making an adjusting entry on the depositor's books.
Brand: Quizplus
Rating: 4.7 (34 reviews)

Question

Quizplus · Accepted Answer

Bank errors are infrequent in occurrence as banks have systems in place to minimize errors.

Bank Errors