Question

What does reconciling a checking account involve?

(1 point)
Responses

Asking the bank to increase your debit limit.
Asking the bank to increase your debit limit.

Matching your records to the bank's statement.
Matching your records to the bank's statement.

Ordering a new set of personalized checks.
Ordering a new set of personalized checks.

Moving money from savings to a checking account.
Moving money from savings to a checking account.

Answer 1

Matching your records to the bank's statement.

Explanation: Reconciling means comparing your check register/account records with the bank statement and accounting for outstanding checks, deposits in transit, fees, and errors so the balances agree.