Future Business Leaders of America (FBLA) Agribusiness Practice Test

What is the separate form called where an account holder keeps a record of deposits and checks written?

1. Transaction log

2. Check register

3. Account statement

4. Deposit slip

The correct answer is: Check register

The correct answer is the check register, which serves as a detailed record for account holders to track their financial activities. A check register allows individuals to record every deposit, check written, and any other transactions that affect the account balance. This enables account holders to maintain accurate and up-to-date information regarding their finances, making it easier to manage spending and ensure sufficient funds are available. While a transaction log may refer to a similar concept of recording transactions, it is a broader term and does not specifically denote the document used by account holders for personal banking. An account statement is typically issued by the bank and summarizes all transactions over a specific period, but it is not a tool for ongoing personal record-keeping. A deposit slip is a form used to make a deposit and is not a record of past transactions but rather a means to document a new deposit.