Question

What column do you put the deposits in when you are balancing your checkbook?

Answer 1

When balancing your checkbook, you typically record deposits in the "Deposits" or "Credits" column. This column is used to track all incoming funds, including paycheck deposits, interest earned, and any other funds that are credited to your account. It's essential to keep this separate from your expenses, which are recorded in the "Withdrawals" or "Debits" column. This way, you can clearly see your total deposits and compare them against your total withdrawals to ensure your checkbook is balanced.