BANK STATEMENT
Bank
statement can be define as a printed report that is being released by the bank
on a fixed date every month that shows/list the deposits, withdrawal, service
charge, interests earned, checks paid which is being incurred on an account. In
other words, its the printed record of balance in a bank that shows the amount
that has been paid into the account as well as the amount that has been
withdraw from the account and its been issued periodically to the account holder..
According to
Adisa Olashile (2016), bank statement can be defined as the printed
record that summarized all transactions that take place in an account for a
specific period of time which is being issued to the account holder at an
agreed interval i.e every month, every quarter or every year. The transaction
in the context could be the deposits, withdrawal, interests earned, check paid
etc.
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