Business
Business, 31.10.2019 22:31, 21ltilley

Liam uses checks and a debit card, but does not always write all the transactions in his checkbook register. he has lost track of his checkbook balance. liam looks up the ā€œavailable balanceā€ using online banking, and writes it on the next line as his new checkbook balance available to spend. what is wrong with liamā€™s method?
a.
liamā€™s method fails to consider whether he has written any outstanding checks.
b.
the reconciliation worksheet will not work properly using liamā€™s adjusted checkbook balance.
c.
liam could have unexpected non-sufficient funds fees due on any checks that have not yet cleared the bank.
d.
all of the above.

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Answers: 1

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Liam uses checks and a debit card, but does not always write all the transactions in his checkbook r...

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