Asked by Asmadi Zkeri on May 23, 2024

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Verified

In the QBO Check Register the ✔column indicates which of the following:

A) It indicates whether the bank transaction is C (cleared) ,R (reconciled) or blank (uncleared,unreconciled) .
B) It lists the amount of money coming into the Checking account.
C) It displays the running balance of the Checking account,and it updates the balance with each new transaction in the account.
D) It lists the amount of money coming out of the Checking account.

Check Register

A record, often part of a ledger or accounting software, used to track checks issued, deposits, and current account balances.

Cleared

Refers to transactions that have been reconciled and confirmed by a bank or financial institution, indicating that funds have been successfully transferred.

Reconciled

The process of ensuring that two sets of records (usually the balances of two accounts) are in agreement, confirming the accuracy of financial transactions.

  • Determine the purpose and utilization of the QBO Check Register in the administration of banking transactions.
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Verified Answer

JK
Jennifer KoorsMay 28, 2024
Final Answer :
A
Explanation :
The ✔column in the QBO Check Register indicates whether the bank transaction is cleared (C), reconciled (R), or blank (uncleared, unreconciled). It assists in keeping track of transactions that have been reconciled with the bank statement.