ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A check register is a list of transactions in your bank account, along with a running balance that tells you how much money you have available to spend.

Detailed explanation-2: -A check register is generally used when recording transactions before any business transactions are recorded in the general ledger. For example, a business may use a check register to track cash payments for inventory or other expenses.

Detailed explanation-3: -You can ask for a check register from your bank. They usually come with your checkbook (inside, kept in the back of the checkbook.) Your bank can also hook you up with their online check register, usually included in the financial institution’s online personal banking package.

Detailed explanation-4: -A checkbook ledger helps you keep a personal record of your checking account. This allows you to see and continually update your account balance, any withdrawals from or deposits to your account, and transactions that have not yet hit your account.