Read the account terms
See this course’s project requirements
A fictional personal-account register reconciled to a statement, with pending items, availability, fees and an error-report draft.
Keep your working files in your own notebook or software. Save a private description, checklist, and work link in My Proof.
What to include
- An account-service and annual-fee comparison with unanswered eligibility questions.
- A posted/available/uncommitted balance worksheet with each commitment counted once.
- A running-balance register with transaction identities, types and posting states.
- A two-sided bank reconciliation with an unmatched-item log.
- A transaction-specific error inquiry and follow-up log.
- A paper account-move checklist with a retained-funds calculation and closure conditions.
Review and revise
Use these criteria to check your work and choose what to improve.
- All supplied records reconcile and the decision uses the named case rules.
- Calculations show units, intermediate values and a second check.
- Changed-input practice revises the affected result and identifies uncertainty.
- The final project combines six lesson records, separates fictional assumptions from current rules, and states a supported next step.
Want more background?
The idea in everyday life
This is an original fictional practice case. No account, payment, personal record or outside participation is required. Mina needs 2 cash deposits/month. Account A charges $6 monthly plus $2/deposit; B charges $3 monthly and no deposit fee. Both offer the needed branch service.
Choose the account by the transactions you need and the written fees, not its advertised name.
Read the account terms — worked practice
Choose the account by the transactions you need and the written fees, not its advertised name.
Use paper or a local table; label all amounts as fictional USD unless the case names another unit. Mina needs 2 cash deposits/month. Account A charges $6 monthly plus $2/deposit; B charges $3 monthly and no deposit fee. Both offer the needed branch service.
Account terms
Paste at A1.
| AOption | BMonthly base USD | CPer cash deposit USD | DCash deposits per month |
|---|---|---|---|
| A | 6 | 2 | 2 |
| B | 3 | 0 | 2 |
Copy as plain text
1. Step 1: List the required service and monthly frequency
List the required service and monthly frequency.
You should see: Two cash deposits must be supported.
Choose the account by the transactions you need and the written fees, not its advertised name.
2. Step 2: Compute each complete monthly fee
Compute each complete monthly fee.
You should see: A costs 6+2×2=$10; B costs $3.
Keep this intermediate result so the final decision can be checked.
3. Step 3: Annualize only these stated recurring fees
Annualize only these stated recurring fees.
You should see: A costs $120/year; B costs $36/year.
Keep this intermediate result so the final decision can be checked.
4. Step 4: Record the cheaper eligible account and unresolved terms
Record the cheaper eligible account and unresolved terms.
You should see: B saves $84/year; verify age, identification and access requirements before any real application.
Keep this intermediate result so the final decision can be checked.
What to finish
An account-service and annual-fee comparison with unanswered eligibility questions.
Watch for this
Choosing a cheaper account before checking whether it supports cash deposits.
How can I tell I understand it?
Compare stated account services and recurring fees for a specified transaction pattern on a new supplied case, with a visible intermediate check and no unsupported real-world promise.
Quick knowledge check
Answer all 3 questions. Get at least 2 right and the lesson completes automatically.
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Pass the check. We’ll save the progress.
Answer all 3 questions above and get at least 2 right. You can review the explanations and try again.
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Sources and further reading
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Source & access notes · checked 2026-10-01
Official page opened/read during Money expansion authoring; checked the relevant concept and access state. These sources do not establish funding eligibility.
Access: Readable official webpage inspected with the web reader on 2026-10-01. No interactive-tool operation is claimed.
Reuse: Original fictional practice, questions and calculations; paraphrased concepts with a source link. No source exercise copied.
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