7
QuizMultiple Choice

Understanding Credit — Unit test

Question 7 • Personal Finance - EL3403

In which column on a check register should the total current amount in the account be entered?

Answer
D
Deposit
T
Transaction
B
Balance
D
Debit

Explanation

The balance column records the amount currently remaining in the checking account after deposits and withdrawals are entered. The deposit and debit columns track money added or taken out, while the transaction column describes the activity. Therefore, the correct choice is Balance.

AI-written and checked against the verified answer.

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