Question

The bank statement​ _________.A.may show service​ charges, EFT collections from​ customers, and EFT withdrawals B.does not include an ending balance of the​ customer's account because the bank cannot determine which checks have been cashed during the statement periodC.must include physical copies of canceled checksD.must be mailed to customers each month

Answer 1

Answer:

The correct answer is letter "A": may show service​ charges, EFT collections from​ customers, and EFT withdrawals.

Explanation:

A bank statement shows account holders' transactions during a certain period of time that tends to be one (1) month. This report shows the current balance in the customers' accounts including charges, Electronic Funds Transfers (EFT) collections, and withdrawals as well as payments representing inflows.

Bank statements are useful for clients so they can have control of the expenditures of their accounts.