Checkbook Ledger

D

A checkbook ledger is a booklet that is used to maintain an accurate record of the transactions made through a checking account. This includes checks written, deposits made, and any other withdrawals or fees charged to the account.

Option A states that the checkbook ledger is for informal use. While it is true that individuals may use a checkbook ledger in an informal manner to keep track of their personal finances, this answer does not accurately describe the primary purpose of a checkbook ledger.

Option B correctly identifies that a checkbook ledger is a booklet that is provided with a supply of checks. This is because the checkbook ledger is typically designed to fit in the same location as the checks in a checkbook. This allows for easy access to the ledger when writing a check and makes it convenient for individuals to record their transactions.

Option C also correctly identifies the purpose of a checkbook ledger as being to maintain an accurate record of transactions. This is important for individuals to keep track of their account balance, ensure that they do not overdraw their account, and to reconcile their account with their bank statement.

Option D accurately combines the correct answers from options B and C. The checkbook ledger is both a booklet provided with a supply of checks and is used to maintain an accurate record of transactions. Therefore, option D is the correct answer.