Which of the Following Statements Is NOT Correct

Multiple Choice

Which of the following statements is NOT correct?

A) Bank Reconciliation Statements are not that important because banks never make errors.
B) Bank Reconciliation Statements should be prepared each month.
C) Not all reconciling items on the Bank Reconciliation Statement are errors.
D) Prior to preparing the Bank Reconciliation Statement, neither the book balance nor the bank statement balance are correct.