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 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.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
