A bank statement provides information about all of the following, exceptGroup of answer choicesCheck cleared during the periodNSF checksBank charges for the periodErrors made by the company
Question
A bank statement provides information about all of the following, exceptGroup of answer choicesCheck cleared during the periodNSF checksBank charges for the periodErrors made by the company
Solution
To answer the question step by step, let's analyze each option provided:
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Check cleared during the period: A bank statement typically includes information about checks that have been cleared during the period. This helps account holders keep track of which checks have been processed by the bank.
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NSF checks: NSF (Non-Sufficient Funds) checks are also usually reported on a bank statement. These are checks that were not processed due to insufficient funds in the account.
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Bank charges for the period: Bank statements generally list any charges or fees that have been applied to the account during the period, such as service fees or overdraft charges.
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Errors made by the company: Bank statements do not provide information about errors made by the company (the account holder). Errors made by the company would need to be identified and corrected by the company itself, not by the bank.
Therefore, the correct answer is: Errors made by the company
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