BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is the best way to keep track of your check balance?
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A. reconciling your bank statement each month
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B. solely relying on checking your balance online
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C. checking your balance by calling the bank daily
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D. checking your balance at an ATM when you make a deposit
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Both C and D
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Explanation:
Detailed explanation-1: -To reconcile a bank statement cash balance, add back deposits in transit and deduct uncleared checks. Next, add interest to the cash balance in a company’s books and subtract bank fees and rejected checks. Finally, add or deduct any other items or errors to match the bank and book cash balances.
There is 1 question to complete.