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A blank register or computer software is generally used to make sure checking accounts remain balanced.

Options:
A) Checkbook
B) Ledger
C) Spreadsheet
D) Calculator

1 Answer

1 vote

Final answer:

A checkbook is the correct tool generally used to ensure checking accounts remain balanced. It records all transactions, helping manage finances and avoid overdraft fees, similar to how a bank's balance sheet tracks assets and liabilities.

Step-by-step explanation:

The correct answer to the question "A blank register or computer software is generally used to make sure checking accounts remain balanced" is A) Checkbook.

Keeping a checkbook is a traditional and effective tool for managing finances and ensuring that a checking account is balanced. It provides a record of all transactions made with the account, including deposits, withdrawals, and other debits or credits. Doing this helps avoid potential issues such as overdrafts and the associated fees. Balancing a checkbook may involve the use of ledger entries, which record the details of each transaction, or computer software such as a spreadsheet program that can help in tracking account activity more efficiently.

Understanding how to manage finances through a checkbook register or software is paralleled by the way that a bank's balance sheet operates. Like a checkbook register, a balance sheet lists all of a bank's assets and liabilities, helping to ensure that the bank's net worth or capital is always up to date and accurate. Both personal finance management and bank accounting rely on accurate record-keeping to track financial health.

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