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Which of the following account types is considered a transaction account under the Expedited Funds Availability Act?
Checking or Share Draft Account
What is used to record a checking account transaction?
Check register
Which of the following is considered a transaction account?
equipment
A check register includes what information for checking account transactions?
Date of transaction
What would you use to record your checking account transaction?
A Check stub or check book registry
What type of account can be a transaction account?
A checking account
Which of the following account types is considered a transaction account under the Expedited Funds Availability Act?
Checking or Share Draft Account
What is used to record a checking account transaction?
Check register
Which of the following is considered a transaction account?
equipment
A check register includes what information for checking account transactions?
Date of transaction
What is a debit to your checking account?
A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account. For Ex: You use your ATM card to withdraw money from an ATM, this transaction will be reflected as Debit in your account because you have taken money from your account
Is a checking account considered an asset or liability?
A checking account is considered an asset because it represents money that you own and can access.
Is your checking account considered an asset?
Yes, a checking account is considered an asset because it represents money that you own and can access.
Is a checking account considered an asset or a liability?
A checking account is considered an asset because it represents money that you own and can access easily.
What would you use to record your checking account transaction?
A Check stub or check book registry
Is checking account balance considered an asset?
Yes, a checking account balance is considered an asset because it represents the amount of money a person has available to use.
How can I track a credit card transaction?
You can track a credit card transaction by checking your online account, contacting your credit card company, or reviewing your monthly statement.
