6.0k views
5 votes
A bank statement a.is a credit reference letter written by the depositor's bank. b.lets a depositor know the financial position of the bank as of a certain date. c.provides a summary of all checking account transactions recorded by the bank. d.is a bill from the bank for services rendered.

User Tom Dorone
by
8.2k points

1 Answer

4 votes

Answer:

Option (c) is correct.

Step-by-step explanation:

A bank statement is a statement that is provided by the bank to a customer. This bank statement is carrying all the information about the customer transactions over a period of time. This includes amount of money credited or amount of money debited from doing some transactions, also includes interest that is paid by the bank.

Therefore, a bank statement provides a summary of the transactions that is done by the customer.

User Mahdi Dahouei
by
8.5k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories