Question

Fill in the blank

1. The ­­­­­­______ is used to record all transactions affecting the checking account.

2. ­­______are additions to the checking account and can be classified into two types.

3. The Write check window should not be used to record ______, ______, ______ and ______.

4. ______ is the process of comparing the bank statement with your accounting records for the checking account.

5. A customer list contains ­­­­­information such as _______, ______ and ______.

6. Three possible ways for a customer to pay for goods and services are credit card sale, cash sale and ______.

Answer 1

The blanks have been filled below

1.) The ­­­­­­ Transaction Register is used to record all transactions affecting the checking account.

2). ­­Withdrawals and Deposits are additions to the checking account and can be classified into two types.

3)The Write check window should not be used to record to pay bills you have already entered in the Enter Bills Window, to pay Employees, and to pay taxes and liabilities.

4)Bank Reconciliation is the process of comparing the bank statement with your accounting records for the checking account.

5) A customer list contains ­­­­­information such as Customer Addresses, Customer Contact, and Customer phone number.

6)Three possible ways for a customer to pay for goods and services are credit card sale, cash sale, and net banking.

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