This month's bank statement shows interest earned of $45. This item on the bank reconciliation, it would be added to the bank balance.
What Is a Bank Statement?
- A bank statement is a list of all transactions for a bank account over a set period, usually monthly.
- The statement includes deposits, charges, withdrawals, as well as the beginning and ending balance for the period.
- Account-holders generally review their bank statements every month to help keep track of expenses and spending, as well as monitor for any fraudulent charges or mistakes.
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