Question

“on the following checking account record, enter the figures and add or subtract them to keep the running total correct”

Answer 1

The running total is  $95.27.

There are two types of records, Active and Inactive. There are also two major classifications, Vital and Important.

Why is record keeping important?

• In order to create reliable financial statements, you need good records. These consist of balance sheets and income (profit and loss) statements. These statements might assist you in managing your business and dealing with your bank or creditors.

He opened the account with $299.88. He subsequently wrote many cheques, from which you deduct the sum of 299,88.

He deposited a check, thus 299.88-90.48= 209.40, 209.40 - 65.00= 144.40, and then he added $381.33 to 144.40 to get 525.73.

then you need to deduct more since he wrote more checks.

Consequently, 525.73-54.47=471.26, and 471.26-375.99=95.27, giving him a balance of $95.27.

• Good Records entail documents comprising recorded data that show the efficacy of the quality management system, independent of the format or feature.

To learn more about record keeping refer to:

brainly.com/question/25132652

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Answer 2

The current total is $95.27. Active and Inactive records are the two types of records. There are two major classifications as well: Vital and Important.

Why is record keeping important?

Good records are required to create reliable financial statements. Balance sheets and income (profit and loss) statements are included. These statements may help you manage your company and deal with your bank or creditors.

Good Records are documents that contain recorded data that demonstrate the effectiveness of the quality management system, regardless of format or feature.

Given,

He deposited into the account = $299.88

He then wrote a number of cheques, from which you deduct = $299,88.

He deposited a check, thus 299.88 - 90.48

= 209.40, 209.40 - 65.00

= 144.40

and then he added $381.33 to 144.40 to get 525.73.

then you need to deduct more since he wrote more checks.

Consequently,

525.73 - 54.47

=471.26  

and 471.26-375.99

= 95.27

As a result, The gives him a balance of $95.27.

To learn more about record keeping, refer to:

brainly.com/question/17582829

#SPJ13