To determine the correct column headings for a checkbook ledger, you need to understand the typical components included in such a record.
A checkbook ledger is designed to help individuals keep track of their financial transactions. A comprehensive checkbook ledger typically includes the following:
1. Balance: This is the running total of the money available in the account after each transaction.
2. Transaction Code: This helps to categorize the types of transactions (e.g., deposits, checks, electronic transfers).
3. Description: This provides details about the transaction, such as where the money was spent or received from.
Given these typical components, the correct answer for the missing column headings in the table is:
Balance, Transaction Code, Description
