Which term describes a monthly document prepared by your bank showing all transactions related to your account?

Which term describes a monthly document prepared by your bank showing all transactions related to your account?

• A. Account Summary
• B. Transaction Ledger
• C. Bank Statement
• D. Transaction Receipt

Answer: (C)

The monthly document prepared by the bank that lists all transactions for your account is a bank statement. It shows every activity in a given period—Deposits, withdrawals, checks cleared, card purchases, ATM transactions, fees, and any interest earned—along with the starting and ending balances. This makes it the official record you’d use to reconcile your own records for that month. Other terms don’t fit as well. An account summary is a brief overview of the account, often showing balances and totals but not every transaction. A transaction ledger typically refers to a detailed internal record or a personal ledger of transactions, not the bank’s monthly statement. A transaction receipt is issued for a single transaction, not for all activity during a month.

The monthly document prepared by the bank that lists all transactions for your account is a bank statement. It shows every activity in a given period—Deposits, withdrawals, checks cleared, card purchases, ATM transactions, fees, and any interest earned—along with the starting and ending balances. This makes it the official record you’d use to reconcile your own records for that month.

Other terms don’t fit as well. An account summary is a brief overview of the account, often showing balances and totals but not every transaction. A transaction ledger typically refers to a detailed internal record or a personal ledger of transactions, not the bank’s monthly statement. A transaction receipt is issued for a single transaction, not for all activity during a month.