In this section we will reconcile a checking account with a bank statement both by hand and using a spreadsheet. We define account number, bank statement, statement period, starting and ending balances, outstanding deposits, outstanding checks,…
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In this lesson we get a basic understanding of how checking accounts work. We define words like checking account, EFT, hold, insufficient funds, overdraft protection, ATM, PIN, maintenance fee, interest, single & joint account, check register,…
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