Question

This is a table that could be used to maintain a record of account transactions. It is similar to what is found in a checkbook ledger. Some of its column headings are missing. How should these columns be labeled?

Balance, Transaction Code, Description
Check Number, Description, Balance
Transaction Code, Balance, Notes
Description, Check Number, Balance

Answer 1

Check Number, Description, Balance

Reason: a checkbook ledger typically records the check number, the payee/transaction description, and the running account balance.