Your financial institution can't help you if there is a mistake on your bank account statement.

English

1 answer:

Nesterboy [21]3 years ago

5 0

Answer:

False.

Explanation:

Financial reporting can be defined as the formal communication or disclosure of financial informations and statements to a bank account holder.

A statement of account can be defined as a document issued by a financial institution to an account holder, which typically contains an accounting information of all the transactions between him or her and others over a specific period of time.

The primary objective of a statement of account is to provide accounting information, so as to enable the holder have a good understanding of the financial inclination of his or her cash inflow and outflow over a specific period of time and thus, make an informed decision with regards to a budget plan.

Hence, if there's a mistake on a bank account statement, financial institutions are saddled with the responsibility of correcting such errors because they issue it.

In a nutshell, financial institutions are mandated to help you when there's a mistake on your bank account statement.

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1. Complete the sentences below using the passive form of the verbs in parenthesis.

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