An example of a bank error that causes the company's balance and bank's balance of cash to differ is the purchase of supplies with a check.
This is an example of a timing difference.

Question

Quizplus · Accepted Answer

The purchase of supplies with a check is not a bank error; it is a transaction that may cause a timing difference if the check has not yet cleared the bank. A bank error would involve a mistake made by the bank in recording transactions.

An Example of a Bank Error That Causes the Company's