A report of deposits, withdrawals, and bank balances sent to a depositor by a bank called Answer Revealed
by J Nandhini | Updated Oct 26, 2023
A report of deposits, withdrawals, and bank balances sent to a depositor by a bank called
The correct answer is Bank Statement
A bank statement is an official summary of a person's or a business's financial transactions with a bank over a specific period of time. It provides a detailed record of all the deposits, withdrawals, and other activities related to the account. Bank statements are usually issued on a monthly basis and are an important tool for managing personal or business finances.
Key information on a bank statement includes the beginning and ending balances of the account, a list of all transactions (such as deposits, withdrawals, checks cleared, and electronic transfers), and any fees or charges incurred. Reviewing a bank statement helps individuals and businesses keep track of their spending, monitor for errors or unauthorized transactions, and reconcile their records with the bank's. It's an essential document for financial planning and budgeting.
A report of deposits, withdrawals, and bank balances sent to a depositor by a bank called - FAQ
The correct answer is Bank Statement