BANKING AFFAIRS

Detailed explanation-1: -Traditionally, a checkbook register is a handwritten record of the checks and deposits for a single bank account. Today, it should reflect all the transactions that are posted to a bank account including automatic withdrawals, fees, interest deposits, etc.

Detailed explanation-2: -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-3: -A bank statement serves as a snapshot of all the financial activities for an account within a given time period. This includes transaction history, account balances, fees and interest earned and personal information like, your account number.