Which of the following items are elements of a monthly checking account statement? i. a period (beginning date and ending date) ii. a beginning balance and ending balance. iii. a detailed list of debits and credits during the period. a. i and ii b. i and iii c. ii and iii d. i, ii and iii

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pakabigail13001 pakabigail13001

21-04-2022
Business

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Which of the following items are elements of a monthly checking account statement? i. a period (beginning date and ending date) ii. a beginning balance and ending balance. iii. a detailed list of debits and credits during the period. a. i and ii b. i and iii c. ii and iii d. i, ii and iii

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kanikabajaj294 kanikabajaj294 · Answer 1 · 2022-04-27T16:02:48+02:00

The major elements of a monthly checking account statement are period, account balance and debits and credit during the period.

What do you mean by checking account?

A checking account refers to the type of bank account that provides a flexibility of depositing money as well as withdrawls for the daily business transactions.

A bank statement refers to a type of document that is sent by the bank to its holder providing summary of all the transactions of an account for a month including a period, beginning and ending balance and detailed list of debits and credits.

Therefore, D is the correct option.

Learn more about checking account here:

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