A bank statement
A) is a credit reference letter written by the company's bank
B) shows a company the financial position of the bank as of a certain date
C) is a bill from the bank for services rendered
D) shows the activity that increased or decreased the company's account balance

Question

Quizplus · Accepted Answer

A bank statement shows the activity that has increased or decreased the company's account balance, such as deposits, withdrawals, and fees. It is not a credit reference letter or a bill for services rendered, and while it does provide information about the bank's financial position, that is not its primary purpose.

A Bank Statement