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.
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Question

Quizplus · Accepted Answer

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

Bank Errors