Definition of Account Statement


It includes summary of a person’s or a business’s account activities which have occurred during a given period of time is known as account statement. It is also known bank statement.


Basically, when an account is maintained then the account statement also mention at that moment. The account statement are as follows i-e checking account statement , brokerage account statement etc. The purpose of an account statement is to examine the accuracy of an account as well as historical statements is used to valuate budgeting.

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