Question

What is the first step toward reconciling your checkbook register

Answer 1

Compare the bank statement to your checkbook.

When doing this each completed transaction should be checked off in your register. After checking off the completed transactions, then you can compare the balance the statement shows to what you have for those same completed transactions.

Answer 2

Answer: Compare the balance amount in your check register with the balance amount in your bank statement.

Explanation:

Reconciling the checkbook register is the best way to keep track of the bank account balance. It means to examine the checkbook register and receipts to guarantee that all transactions you have been recorded. By comparing the checkbook register balance with the bank statement balance, we can determine whether all transactions have been accounted for without any errors (if the numbers match) or not (if the numbers do not match).