3 2 Checking Accounts Worksheet Answers Completing balancing your checking account worksheet answers can be done in a few simple steps Gather your bank statements and any supporting documents such as receipts or invoices Compare each transaction on your bank statement with the corresponding entry in your checking account worksheet
MANAGING A CHECKING ACCOUNT Directions Make the following banking transactions and record them on the check register in order as they appear below Complete all deposit slips and checks When the last deposit and check has been written reconcile your checking account Read the bank statement on page 11 of the workbook to answer these questions 1 What month is the statement for 2 How much money was in the account at the beginning of the month
3 2 Checking Accounts Worksheet Answers
3 2 Checking Accounts Worksheet Answers
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Checking accounts are a common financial service used by many consumers They can help to manage money and makes paying bills more convenient Why do people use checking accounts Reduces the need to carry large amounts of cash Convenience useful for paying bills instead of cash or money order
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3 2 Checking Accounts Worksheet Answers
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When you have a checking account you will need to keep a check register A check register is used to record all the checks written against your checking account as well as all the deposits going into your checking account The check register will have a running balance Every time you write a check you subtract the amount from your balance Every

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What is a FALSE statement about using checking and savings accounts a They are supposed to make managing your money convenient b They are supposed to protect your money from theft and damage c They are supposed to limit the amount of money you earn d They are supposed to prevent your money from getting lost 3

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What questions should you ask before opening an account at a national bank community bank or credit union choose all correct answers a What type of fees are there with this account b Is there a fee for using an ATM If so how much c Is there a minimum balance requirement with this account d

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What is the most difficult step in reconciling a checking account Answers will vary

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Showing 8 worksheets for Checking Account Reconciling The Bank Statements 2 Answerkey Worksheets are Checking account reconciliation form Lesson six
What is a FALSE statement about using checking and savings accounts a They are supposed to make managing your money convenient b They are supposed to protect your money from theft and damage c They are supposed to limit the amount of money you earn d They are supposed to prevent your money from getting lost 2 This financial literacy product focuses on checking accounts It includes five parts notes and practice with answer keys lesson extension activities presentation Power Point quiz with answer key and a real world project
Displaying 8 worksheets for Checking Account Reconciling The Bank Statements 2 Answerkey Worksheets are Checking account reconciliation form Lesson