Question

While reconciling your check register to your bank statement, you notice that your check register balance is $1250.00, while your bank statement balance is $1205.00. Describe what might account for the difference between the two balances.

Answer 1

Answer:

You could have done a transaction that you didn't take into consideration in the check register.

this might be:

1. check

2. debit card withdrawal or POS transaction

3. Bank charges

4. fees for an order of checks