Account Statement

Business, Legal & Accounting Glossary

Definition: Account Statement


Account Statement

Quick Summary of Account Statement


A record of transactions and their effect on account balances over a specified period of time, for a given account. A bank account statement lists the debits and credits that took place over the relevant time period, while a brokerage account statement lists the long positions and short positions, purchases and sales, and other transactions.




Full Definition of Account Statement


An account statement is a document that provides information about a specified account for a given period of time. An account statement may be issued by a bank, a mutual fund, a brokerage firm, or any other financial institution. A bank account statement, for instance, reflects a record of transactions, which includes all the debits and credits made during a specified period. In addition, a bank account statement also indicates how those fund transfers affect the account balance. An account statement presented by a brokerage firm, on the other hand, will feature other information. A brokerage account statement tracks purchases and sales of securities, open orders, long and short positions, and other account data. Account statement information is typically provided on a timely basis via conventional and/or electronic mail.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/account-statement/
Modern Language Association (MLA):
Account Statement. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 28, 2024 https://payrollheaven.com/define/account-statement/.
Chicago Manual of Style (CMS):
Account Statement. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/account-statement/ (accessed: March 28, 2024).
American Psychological Association (APA):
Account Statement. PayrollHeaven.com. Retrieved March 28, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/account-statement/

Definition Sources


Definitions for Account Statement are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 21st November, 2021 | 0 Views.