Pregunta
What are you primarily doing when you reconcile your checking account?
a. Making sure the bank spelled your name properly.
b. Making sure that your records match your bank’s records.
c. Writing down the transactions that your bank automatically records so you don’t have to.
d. Calling the bank to check the dates on each transaction.
a. Making sure the bank spelled your name properly.
b. Making sure that your records match your bank’s records.
c. Writing down the transactions that your bank automatically records so you don’t have to.
d. Calling the bank to check the dates on each transaction.
Ask by Garza Crawford. in the United States
Mar 27,2025
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Respuesta verificada por el tutor
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When you reconcile your checking account, you check that your records match the bank’s records.
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Extra Insights
When you reconcile your checking account, you’re essentially performing a financial check-up! This means you’re comparing your own transaction records, like deposits and withdrawals, with the bank’s records to ensure everything aligns. It’s like making sure that your accounting matches your partner—all transactions should harmonize!
Also, did you know that regular reconciliation helps catch mistakes early? By reviewing your records frequently, you can spot unauthorized transactions, duplicate charges, or simple errors before they spiral into bigger problems. It’s like being your own detective, ensuring your finances stay safe and sound!
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