Question on: SS1 Accounting - Interpretation of Bank Statements

What does the beginning balance in a bank statement represent?

View related lesson
A

The amount of money in the account at the end of the statement period

B

The amount of money in the account at the start of the statement period

C

The amount of money deposited in the account during the statement period

D

The amount of money withdrawn from the account during the statement period

Ask EduPadi AI for a detailed answer
Correct Option: B

Add your answer

Notice: Please post responsibly.

Please share this, thanks!

No responses