Professional Documents
Culture Documents
Business Revision Aa
Business Revision Aa
Business Revision Aa
Types of Accounts
1- Regular Account :
account is designed for customers who write a few checks each month and
don’t keep a minimum amount of money
2- Interest-Bearing Account :
Is a checking account that earns interest on your account’s balance.
An interest-bearing account usually has a minimum balance requirement with
an unlimited number of checks
3- Joint Account
An account shared by two people who are equally responsible for the account.
Either person can write checks on the account.
check register: your checkbook log where you keep track of all your checking
transactions.
If the balances on your bank statement and in your check register are the same, you have reconciled