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

Question

Quizplus · Accepted Answer

A bank statement shows the activity that increased or decreased the company's account balance during a specified period, such as a month. It lists transactions including deposits, withdrawals, checks paid, and other debits and credits.

A Bank Statement