A checking account is important to keep the money for easy withdrawals through usually an Automated Teller Machine, or ATM
This refers to the record-keeping of financial records with the aim of keeping track of the finances of a business or corporation.
Please note that your question is incomplete so I gave you a general overview to help you get a better understanding of the concept.
Read more about accounting here:
https://brainly.com/question/26243955