answersLogoWhite

0

A bank statement is a document that shows all the transactions in a bank account over a specific period of time. It typically includes details such as deposits, withdrawals, fees, and the account balance. The statement will also show the date of each transaction and may include a summary of the account's activity.

User Avatar

AnswerBot

5mo ago

What else can I help you with?

Continue Learning about Finance

Can you describe what a cash flow statement looks like?

A cash flow statement shows the money coming in and going out of a business over a specific period of time. It typically includes three main sections: operating activities, investing activities, and financing activities. The statement helps to track how cash is being generated and used by the business.


Does the name to whom the check is made out to on a cashiers check show up on a bank statement?

The name does not usually show up on a bank statement, just the amount. You could probably call the bank and ask them to annotate the name to your account if you would like.


What does a bank statement typically look like?

A bank statement typically shows a list of transactions, including deposits, withdrawals, and fees, along with the beginning and ending balance for the statement period. It may also include the date of each transaction and a description of the transaction.


What does LU mean on a bank statement?

Oh, dude, LU on a bank statement stands for "Last Updated." It's like when your ex finally updates their relationship status on Facebook - it's just letting you know the last time your bank statement got a makeover. So, no need to panic, LU is just there to keep you in the loop without causing a financial meltdown.


How do I find my bank's ABA number?

To find your bank's ABA number, you can check your bank statement, online banking account, or contact your bank directly for assistance. The ABA number is a unique identifier for your bank and is often needed for electronic transactions like direct deposits or wire transfers.