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Check register
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∙ 11y ago
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Is a transaction code used for bank transactions?
Transaction codes are used by banks to determine what time if transaction has occurred at the bank. Everything from a code used for a deposit to a checking account to another different code used to make a loan payment.
What is a Bank account book?
In the days before computers we used to use a "bank account book" or a transaction register to keep a log of our savings account. It was much like a checking transaction register. Your bank generally would "stamp" in the deposits and withdrawals.
Can a debit card be used at any ATM machine?
As long as you have money in your checking account, you are able to use a debit card in an ATM machine. Keep in mind though that you are charge for the transaction.
What is a suspence account?
Suspence account is used where there is one or more debit or credit account information is missing in transaction due to unavailability of information or any other reason to balance out the transaction for time being.
How does a credit card account differ from a checking account?
A credit card account comes with a credit card, which can be used to authorize purchases of any value. The checking account does not come with a credit card and is used for issuing checks.
What is a checkbook?
It is a booklet used to record checking account transactions. To keep track of the amount of money in your checking account
What is a checkbook register?
It is a booklet used to record checking account transactions. To keep track of the amount of money in your checking account
Is a transaction code used for bank transactions?
Transaction codes are used by banks to determine what time if transaction has occurred at the bank. Everything from a code used for a deposit to a checking account to another different code used to make a loan payment.
What is a Bank account book?
In the days before computers we used to use a "bank account book" or a transaction register to keep a log of our savings account. It was much like a checking transaction register. Your bank generally would "stamp" in the deposits and withdrawals.
What is the term used for a negative checking account balance?
"Overdrawn" is the common term used to describe a negative checking account balance.
Can a debit card be used at any ATM machine?
As long as you have money in your checking account, you are able to use a debit card in an ATM machine. Keep in mind though that you are charge for the transaction.
What is a suspence account?
Suspence account is used where there is one or more debit or credit account information is missing in transaction due to unavailability of information or any other reason to balance out the transaction for time being.
What account information typically makes up a checking account?
Typically, a checking account includes information such as the account holder's name, account number, routing number, and balance. It may also include transaction history, including deposits, withdrawals, and any fees charged by the bank. Additionally, some checking accounts may have overdraft protection or a linked debit card.
What is a receipt voucher and what is it used for?
a record of the transaction undertaken like a receipt
How does a credit card account differ from a checking account?
A credit card account comes with a credit card, which can be used to authorize purchases of any value. The checking account does not come with a credit card and is used for issuing checks.
What account is credited when a debit card is used to pay cash on account?
It is your checking account , but it is debited, not credited.
Is it wise to combine my checking and savings account, and why?
It wouldnt be wise to combine unless you are putting money from checking into your savings. A savings account is a little more protected and shouldn't be used as a checking.
