Question

A bank statement_______________.
a. is a credit reference letter written by the company's bank.
b. shows the activity that increased or decreased the company's account balance.
c. shows a company the financial position of the bank as of a certain date.
d. is a bill from the bank for services rendered

Answer 1

Answer: Option B

                 

Explanation: In simple words,  a bank statement refers to the statement which depicts the balance in a  bank account at a specified date and also it shows how much of the amount is deposited and how much is withdrawn at which dates.

In other words, it works like a financial balance sheet with more descriptive information. These statements are not valued by investors as it does not depict much information relevant to them. Their use remains limited to the holder of such account.

Answer 2

Answer: b. shows the activity that increased or decreased the company's account balance.

Explanation: