question archive A bank statement is a credit reference letter written by the company's bank

A bank statement is a credit reference letter written by the company's bank

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A bank statement

    1. is a credit reference letter written by the company's bank.
    2. lets a company know the financial position of the bank as of a certain date.
    3. is a bill from the bank for services rendered.
    4. shows the activity that increased or decreased the company's account balance.

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