BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
monthly BANK report that states your transactions and balance
A
WALL STREET JOURNAL
B
BANK STATEMENT
C
SCHOOL STAEMENT
D
CHECKING REPORT
Explanation: 

Detailed explanation-1: -A bank statement is a document (also known as an account statement) that is typically sent by the bank to the account holder every month, summarizing all the transactions of an account during the month.

Detailed explanation-2: -The activity shown on your bank statement includes information such as processed deductions and deposits, your average daily balance, and any interest earned. You will not see your current balance or any pending transactions.

Detailed explanation-3: -Bank Reconciliation Statement is a record book of the transactions of a bank account. This statement helps the account holders to check and keep track of their funds and update the transaction record that they have made.

Detailed explanation-4: -Debit card purchases and payments. ATM withdrawals. Bill payments. Bank fees.

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