The bank statement ________.
A) must include physical copies of canceled checks
B) must be mailed to customers each month
C) does not include an ending balance of the customer's account because the bank cannot determine which checks have been cashed during the statement period
D) may show service charges, EFT collections from customers, and EFT withdrawals

Question

Quizplus · Accepted Answer

The bank statement may show service charges, EFT collections from customers, and EFT withdrawals. It does not necessarily have to include physical copies of canceled checks and is not always mailed to customers each month. It does include an ending balance of the customer's account.

The Bank Statement ________