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Which formula best expresses your monthly ending balance? a) Beginning Balance + Withdrawals + Deposits = Ending Balance b) Beginning Balance + Withdrawals - Deposits = Ending Balance c) Beginning Balance - Withdrawals + Deposits = Ending Balance

2 Answers

6 votes
The right answer would be C
answered
User Sanchit Patiyal
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1 vote

Answer:

c) Beginning Balance - Withdrawals + Deposits = Ending Balance

Step-by-step explanation:

The beginning balance is the amount available at the beginning of the month.

The withdrawals refer to the money that is taken out of the account during the month and they decrease the balance.

Deposits refer to the money that is put in the account during the month and they increase the balance.

According to this, the formula that expresses the monthly ending balance is:

Beginning Balance - Withdrawals + Deposits = Ending Balance

answered
User Hicham Bouchikhi
by
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