Balancing A Check Register

What is a tool for organizing transactions and keeping track of an account balance?

• Check Register

• Transaction Ledger

• Account Tracker

• Balance Sheet

What is the amount of money put into a bank account called?

• Withdrawal

• Deposit

• Transfer

• Balance

If Eduardo paid $50.20 for internet on April 17th, how much would he have left if he started with $100?

• $49.80

• $50.00

• $51.20

• $48.50

What happens if you do not keep track of your check register?

• You may overspend and incur fees.

• You will always have enough money in your account.

• You will receive a bonus from the bank.

• Your account will automatically balance itself.

What is a common reason for using a check register?

• To avoid overdrawing your account.

• To increase your credit score.

• To earn interest on your savings.

• To track your investments.

What is the opposite of a deposit?

• Deposit

• Withdrawal

• Transfer

• Investment

If you make a deposit of $200 and then a withdrawal of $150, what is your net change in the account?

• +$50

• -$50

• $0

• +$150

What is the purpose of a check register?

• To track all transactions and maintain an accurate account balance.

• To store physical checks securely.

• To calculate interest on savings accounts.

• To provide a summary of monthly expenses.

What is the first step in balancing a check register?

• List all transactions including deposits and withdrawals.

• Calculate the total balance after each transaction.

• Review bank statements for discrepancies.

• Contact the bank for assistance.

What is the term for a record of all deposits and withdrawals in a bank account?

• Check Register

• Bank Statement

• Transaction Log

• Deposit Slip