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1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

2. Transaction Analysis

Journal Entries: Debits and Credits

Financial Accounting

2. Transaction Analysis

Journal Entries: Debits and Credits

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Multiple Choice

Which of the following is NOT a function of a check register?

Recording deposits and withdrawals from a bank account

Documenting check numbers and payees for issued checks

Tracking the running balance of a checking account

Preparing adjusting journal entries for accruals and deferrals

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Verified step by step guidance

Understand the purpose of a check register: A check register is a tool used to track financial transactions related to a checking account, such as deposits, withdrawals, and issued checks.

Review the listed functions of a check register: These include recording deposits and withdrawals, documenting check numbers and payees, and tracking the running balance of the account.

Analyze the fourth option: Preparing adjusting journal entries for accruals and deferrals is an accounting function typically performed in the general ledger, not in a check register.

Compare the functions: Note that the first three options align with the purpose of a check register, while the fourth option does not.

Conclude that the correct answer is the fourth option, as it is not a function of a check register but rather a task performed in financial accounting processes.