The beginning balance on the monthly bank statement for Tristan's checking

1 answer:

7 0

Tristan's transactions for the month is that he had $119.13 more in credits than in debits. Thus the option (C) is correct.

<h3>What is debit ?</h3>

As per accounts, debit refers to the amount what comes in the business. It is the income for the business. But in the case of the Banking, Debit refers to the deduction of the certain amount from the account.

In the above case, Tristan had a balanced of $268.53 at the beginning of the month. At the end of the month he has the balance of $387.66. This implies by the end of the month his income is increased by the $119.13.

This concludes that his income is credited by $119.13 which means it is credit transactions made in his account. There is more credits than the debits. Thus the option (C) is correct.

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