BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -1. Check Ledger—A check ledger or check register is a booklet that comes with your preprinted checks. It is used to help keep track of all transactions in the checking account, including deposits and withdrawals.

Detailed explanation-2: -A “deposit in transit” is an accounting term that refers to checks or other non-cash payments that a company received and recorded in its accounting system, but which have not yet been cleared by its bank.

Detailed explanation-3: -When you write a check the bank takes money from your account and pays it to the person who submits the check. 2. The bank keeps track of how much money you have left in your account and sends you a statement each month.

Detailed explanation-4: -A checking account helps you manage your day-to-day finances, such as paying your bills, receiving direct deposit of your paycheck, and withdrawing cash from an ATM.