Which record is maintained by individuals to track deposits, withdrawals, and balances in a checking account?

Which record is maintained by individuals to track deposits, withdrawals, and balances in a checking account?

• A. Bank Statement
• B. Check Register
• C. CD
• D. ATM

Answer: (B)

Keeping track of checking activity is done with a personal ledger that you update as transactions occur. A check register is exactly that—a running record where you log each deposit, withdrawal, checks written, debit card purchases, and any fees so you always know your current balance. This ongoing record helps you reconcile with the bank’s statements and catch any errors. Bank statements are the bank’s periodic summary of activity, not the ledger you maintain day to day. A certificate of deposit is a different product, and an ATM is a machine for transactions, not a personal record. So the record individuals use to monitor a checking account is the check register.

Keeping track of checking activity is done with a personal ledger that you update as transactions occur. A check register is exactly that—a running record where you log each deposit, withdrawal, checks written, debit card purchases, and any fees so you always know your current balance. This ongoing record helps you reconcile with the bank’s statements and catch any errors. Bank statements are the bank’s periodic summary of activity, not the ledger you maintain day to day. A certificate of deposit is a different product, and an ATM is a machine for transactions, not a personal record. So the record individuals use to monitor a checking account is the check register.