MANAGEMENT

Detailed explanation-1: -Use a cheque register book to record this information for each cheque you write. Include the cheque number, date, and amount in the register book, as well as a brief summary of the payee. This will help you keep track of your cheques and ensure that you have an accurate record of your financial transactions.

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: -The person or entity writing the check is known as the payor or drawer, while the person to whom the check is written is the payee.

Detailed explanation-4: -Record all checks, debits, credits, and deposits in the register. For each transaction, list the check or transaction number, date, description, and debit or credit amount. Add credits and subtract debits, updating your balance on each transaction line. Mark transactions with a check when they clear your bank account.

Detailed explanation-5: -Checkbook Register. is a booklet used to record checking account transactions. Bank Reconciliation. The process of matching your checkbook register with the bank statement.