Which document is typically issued monthly by a bank to show all transactions related to your account?

Which document is typically issued monthly by a bank to show all transactions related to your account?

• A. Balance Statement
• B. Bank Statement
• C. Receipt
• D. Ledger

Answer: (B)

The document issued monthly by a bank to show all transactions on your account is the bank statement. It provides a detailed record of every activity during the statement period—deposits, withdrawals, transfers, checks cleared, fees, and any interest earned—along with the starting and ending balances. This helps you verify activity, monitor for errors or fraud, and reconcile your own records. A balance statement isn’t the standard label for listing all transactions, a receipt covers a single transaction, and a ledger is an accounting record used to organize an account’s activity, not the monthly customer-facing document from the bank.

The document issued monthly by a bank to show all transactions on your account is the bank statement. It provides a detailed record of every activity during the statement period—deposits, withdrawals, transfers, checks cleared, fees, and any interest earned—along with the starting and ending balances. This helps you verify activity, monitor for errors or fraud, and reconcile your own records. A balance statement isn’t the standard label for listing all transactions, a receipt covers a single transaction, and a ledger is an accounting record used to organize an account’s activity, not the monthly customer-facing document from the bank.