You have $168,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $21,000. What is your book balance?

Name: You have $168,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $21,000. What is your book balance?
Brand: Quizplus
Rating: 4.7 (51 reviews)

Question

Quizplus · Accepted Answer

The book balance is the amount in the account after accounting for all transactions. Writing a check for $21,000 reduces the balance from $168,000 to $147,000.

You Have $168,000 on Deposit with No Outstanding Checks or Uncleared