Definition:

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.

Explanation:

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.