A bank statement is a very basic and essential part
of a bank’s workflow. A bank statement is
known as the record which is sent to the account holder at every month’s end.
It contains all the transactions and
taxes deducted from the account during the month as well as the record from all
the previous statements from all the entirety of the time the account was
active. It is the responsibility of the consumer/account holder to carefully
check and keep in order all of the financial transaction
records.
There are some financial organizations/institutes
that use some specific occasions in order
to post the bank statement that also includes the changes in the interest rates
or the fees or it may also include promotional items.
Nowadays, the mail that is sent monthly containing the bank statements is a trend in a lot
of countries. However, it is not compulsory
to use in some countries like Japan where
the individual account holders are responsible to keep track of all the deposits, withdrawals and all the balance inquiry using the passbooks of their ATMs.
Types of Financial Statements
·
Income statement: Income
statement is a type fake bank statement of report that is
given to the organization which uncovers all the financial transactions/performance of the organization
throughout the reporting period. It gives you all
the data related to the sales and also provides you with the net profit or loss
depending upon the overall performance. It provides financial progress over time.
·
Balance sheet: Balance sheet
is a report that presents the budget od
an organization and is also very helpful in organizing the business sales area.
These provided reports also reflect the
status of the organization’s all the assets, equity and the liability. Balance
sheet indicated these following elements.
Assets=
Liabilities + Equity
·
Cash flow statement: A cash flow
statement is also known as the statement of the cash flow. Cash flow statement shows how
the change in the balance sheet affects
cash and equity of the cash. Its complete analysis is broken into the financing, operating and investing activities.
·
Statement of change in equity: The statement
of change in equity is very similar to the statement of the changes in owner’s
equity for the trade. The statement shows the change in the company’s
accumulated reserves, share capital and retained earnings over the period of
the time. The statement explains the owner’s equity as follows.
Owner’s equity
= assets – liabilities
How to verify the Bank Statement?
As mentioned above the bank statement is a very
essential part of the bank’s workflow. If
you are worried about the verification of your bank statement, then GlobeX
Documents offer you the full facility in this regard. Our hackers will completely
make sure that they keep the decoding process of encrypted bank’s database
system secure and embed the vital and biometric information on the world’s bank department legally. It is very
much easy for us to issue you the verified bank statement and also fund your
account from any of the bank’s database in the world.
Comments
Post a Comment