Bank statement
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Bank statement is a report which the bank produces listing in date order all the money received and all the money paid out of the bank account, ending with the balance of cash in the account.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Bank statement. A financial report sent by a bank to a customer indicating the previous balance, ATM transactions, nonsufficient funds, individual checks processed, individual deposits received, service charges, and ending bank balance.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
