Calculating the Correct Balance

Oct 13, 2025 by magicalceylontours.com 111 views

Understanding Bank Statements and Registers

When balancing a checking account, it's essential to compare the bank statement with the register to ensure accuracy. A bank statement is a detailed record of all transactions, including deposits and withdrawals, while a register is a personal record of transactions. By comparing these two records, individuals can identify any discrepancies and take corrective action.

The Outstanding Debit: A Key to Solving the Problem

In Carl's case, he notices an outstanding debit of $58.00. This means that there is a transaction that has been deducted from his account, but the amount has not been recorded in his register. To determine the correct balance in Carl's checking account, we need to consider the outstanding debit and the balance in his register.

Calculating the Correct Balance

Let's assume that the balance in Carl's register is $109.75. To find the correct balance, we need to subtract the outstanding debit from the register balance.

Step 1: Identify the Outstanding Debit

The outstanding debit is $58.00.

Step 2: Subtract the Outstanding Debit from the Register Balance

To find the correct balance, we subtract the outstanding debit from the register balance:

$109.75 (register balance) - $58.00 (outstanding debit) = $51.75

Conclusion

Based on the calculation above, the correct balance in Carl's checking account is $51.75. This is the amount that reflects the outstanding debit and the balance in his register.

Answer

The correct answer is:

A. $51.75

Discussion

This problem requires mathematical analysis and attention to detail. By understanding the concept of bank statements and registers, individuals can identify discrepancies and take corrective action. The calculation involved in this problem demonstrates the importance of subtracting the outstanding debit from the register balance to determine the correct balance.

Additional Tips

When balancing a checking account, it's essential to:

Compare the bank statement with the register to identify any discrepancies
Record all transactions, including deposits and withdrawals
Subtract the outstanding debit from the register balance to determine the correct balance
Verify the balance with the bank statement to ensure accuracy

Q&A: Balancing a Checking Account

Q: What is the purpose of comparing a bank statement with a register?

A: The purpose of comparing a bank statement with a register is to ensure accuracy and identify any discrepancies in the account balance. By comparing these two records, individuals can verify that all transactions have been recorded correctly and take corrective action if necessary.

Q: What is an outstanding debit, and how does it affect the account balance?

A: An outstanding debit is a transaction that has been deducted from the account, but the amount has not been recorded in the register. When an outstanding debit is present, it means that the account balance is lower than the register balance. To determine the correct balance, the outstanding debit must be subtracted from the register balance.

Q: How do I calculate the correct balance when there is an outstanding debit?

A: To calculate the correct balance, follow these steps:

Identify the outstanding debit.
Subtract the outstanding debit from the register balance.

For example, if the register balance is $109.75 and the outstanding debit is $58.00, the correct balance would be:

$109.75 (register balance) - $58.00 (outstanding debit) = $51.75

Q: What if I have multiple outstanding debits? How do I calculate the correct balance?

A: If you have multiple outstanding debits, you must subtract each debit from the register balance in the correct order. For example, if you have two outstanding debits of $58.00 and $20.00, you would subtract them from the register balance as follows:

$109.75 (register balance) - $58.00 (first outstanding debit) = $51.75 $51.75 (resulting balance) - $20.00 (second outstanding debit) = $31.75

Q: Can I use a calculator to calculate the correct balance?

A: Yes, you can use a calculator to calculate the correct balance. However, it's essential to understand the mathematical concept behind the calculation to ensure accuracy.

Q: What if I'm unsure about the correct balance or have questions about my account?

A: If you're unsure about the correct balance or have questions about your account, contact your bank or financial institution for assistance. They can provide guidance and help you resolve any discrepancies.

Q: How often should I balance my checking account?

A: It's recommended to balance your checking account regularly, ideally at the end of each month or when you receive a bank statement. This will help you identify any discrepancies and take corrective action to ensure the accuracy of your account balance.

Conclusion

Balancing a checking account requires attention to detail and mathematical analysis. By understanding the concept of bank statements and registers, individuals can identify discrepancies and take corrective action. The Q&A section above provides guidance on calculating the correct balance when there is an outstanding debit and answers common questions about balancing a checking account.