A bank statement is a monthly statement send by your bank to you or your business.In a bank statement, it shows the following:
This is similar to the debtor or creditor statement. To the bank, it is merely informing the customers –individual or business whether the bank is owing him /business that money or vice versa. We can say that the bank’s records reflected in the bank statement are a “mirror image” of the customer’s own records, with debits and credit reversed re: bank shows a credit balance ( re owing to customer say $2,000) and the customer’s own record should show a debit balance of $2,000 )
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