Random Vocabulary
Balancing a Checkbook
Reconciling an Account
Misc 1
Trivia
100
Checks that do not appear on your bank statement.
Outstanding checks
100
The amount of money in the account.
What is a balance?
100
The process of comparing transactions and activity to supporting documentation. In other words, checking that our records match the back records for our accounts.
What is reconciling?
100
Does this account balance?
No
100
The red-nose reindeer that led Santa's Sleigh.
Rudolph
200
An account at a bank that allows a customer to deposit money, make withdrawals, and make transfers from the funds on deposit.
What is a checking account?
200
A personal record of transactions in a checking account.
What is a check register?
200
The 2 documents you need to reconcile an account.
What is a check register and bank statement?
200
The amount of money in a checking account at the end of a statement period.
What is the ending balance?
200
The snowman that came to life when they placed a hat on his head.
Frosty
300
The time period on which all transactions occurred on your checking account.
statement period?
300
The current balance minus any holds or debits that haven’t yet been posted to the account. If there are no holds or pending transactions, the two balances are likely the same.
What is an available balance?
300
The amount of money in a checking account at the beginning of a statement period.
What is the starting balance?
300
Deposits that do not appear on the bank statement.
What are outstanding deposits?
300
Where was baby Jesus born?
Bethlehem
400
The amount of money at the end of a statement period.
Ending Balance
400
A monthly accounting document sent to you by your bank that lists your account balance at the beginning and end of the month, and all of the checks you wrote that your bank has processed during the month. Your statement also lists other deposits, deductions, and fees, such as service charges.
What is a bank statement?
400
the process of putting a check mark on transactions in a check register
Balancing
400
The number of deposits on the bank statement.
1
400
In the movie Home Alone, where were Kevin McCallister's parents going to?
Paris
500
The number that appears on all checks, deposit slips, and bank statements.
checking account number
500
The current balance on your bank account is the total amount of money in the account. But that doesn’t mean it’s all available to spend. Some of the funds included in your current balance may be from deposits you made or checks you wrote that haven’t cleared yet, in which case they’re not available for you to use.
What is the present balance?
500
The balance after the outstanding checks have been deducted and the outstanding deposits have been added.
What is the Revised statement balance?
500
The check was written for $147.28.
Lacy's Department Store
500
In the Movie Elf, what was the gift that Buddy sent to his biological father for Christmas?
Women's Lingerie