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.


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August 17, 2022 https://payrollheaven.com/define/account-statement/.
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Account Statement. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/account-statement/ (accessed: August 17, 2022).
American Psychological Association (APA):
Account Statement. PayrollHeaven.com. Retrieved August 17, 2022
, 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.