BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS MATHEMATICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A check register is a record of all your deposits, checks written, and withdrawals in your account.
A
True
B
False
Explanation: 

Detailed explanation-1: -A check register, also known as a cash disbursement journal, is the journal that records all the checks, cash and cash outlay during an accounting period. A check register usually includes the dates, check number, the person that paid, account names, and the credit and debit associated with the transaction.

Detailed explanation-2: -Answer and Explanation: The book in which a person keeps record of the checks he or she has written and the deposits made is called a check register.

Detailed explanation-3: -It’s important to record the transaction at the time you actually write the check, make a withdrawal, or make a deposit. By recording the transactions and balancing your account total in your checkbook register, you’ll get a clearer picture of your spending habits and know exactly how much money you have.

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