Question

In order to maintain a checking account, you need to record all of your transactions in a check register and _____.

call the bank each month to find out which checks have been cashed
reconcile the checkbook
transfer money from checking to savings
visit the ATM to check the account balance

Answer 1

You have to reconcile the checking account on a monthly basis to verify which checks have been paid and which ones have not. Then you can determine your balance.

Answer 2

Answer: Reconcile the checkbook

In order to maintain a checking account, you need to record all of your transactions in a check register and reconcile the checkbook.

Explanation:

In maintaining a checking account, the account holder records all transaction in a check register and reconciles the check book. Reconciling the check book means that the account holder make sure that his statement of account and the record of all transaction in the check register are the same.