A bank statement shows the activity which increased or decreased the depositor's account balance, including deposits, withdrawals, and charges or fees. It provides a record of all transactions during a certain period of time and the resulting balance. It does not indicate the financial position of the bank as a whole or serve as a credit reference letter.

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A Bank Statement

Question 142

Multiple Choice

A bank statement

A) lets a depositor know the financial position of the bank as of a certain date.
B) is a credit reference letter written by the depositor's bank.
C) is a bill from the bank for services rendered.
D) shows the activity which increased or decreased the depositor's account balance.

Correct Answer: