Sample of Student Work

Aaron

Anyone who has a bank account receives a monthly bank statement, and some of those who don't have a bank account may ask what the purpose of a bank statement is.  A bank statement is to tell the current balance of your account, as well as your most recent deductions and/or deposits.  This is also a way to see how much interest your account has collected, if it has collected any at all.

The three items which are found on a bank statement include:

  1. Your current and your previous balance
  2. Any deductions from within the last month
  3. Any deposit made within the last month
To reconcile a bank statement, you subtract all deductions from your account that are due to either fees or withdrawals, afterward, you add in all deposits.  There will be a column for fees and a column for withdrawals, and the third step would be to make sure that the totals of both columns match up.

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