American_Bankers_Association

CTFA · Question #49

Checkbook ledger:

The correct answer is D. Both B and C are correct. See the full explanation below for the reasoning.

Fiduciary and Trust Activities

Question

Checkbook ledger:

Options

AIs for informal use
BIs a booklet provided with a supply of check
CUsed to maintain accurate record
DBoth B and C are correct

How the community answered

(55 responses)

A
15% (8)
B
7% (4)
C
4% (2)
D
75% (41)

Topics

#checkbook ledger#record keeping#banking#personal finance

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