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

Quizplus · Accepted Answer

Bank errors are mistakes made by the bank and must be corrected by the bank itself.

Bank Errors