What term describes a financial account summary with detailed entries from a financial institution?

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The term that accurately describes a financial account summary with detailed entries from a financial institution is a bank statement. A bank statement provides not only the account balance but also a comprehensive record of all transactions that have occurred during a specific period, including deposits, withdrawals, and any fees charged.

Bank statements are essential for individuals and businesses alike, as they help to track spending, manage budgets, and reconcile accounts. They typically include transaction dates, descriptions, amounts, and the resulting balance after each transaction, giving a clear picture of the account's activity.

While an account ledger could refer to a detailed record maintained by an individual or organization, it is not the official summary provided by a financial institution. A transaction record is a more general term that could describe any record of sales or financial activities but does not inherently imply the summary aspect tied to a specific account over a set period. Descriptive statements might provide details on certain transactions, but they don't encapsulate the summary format and broad overview of account activity that defines a bank statement.

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