What Is The Difference Between A Bank Account And A Bank Statement?

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Sithuraj kumar Profile
Sithuraj kumar answered
Bank statements are accounting records produced by banks under the various accounting standards of the world. There are two kinds of accounts: Debit and credit. Credit accounts are
Revenue, Equity and Liabilities. Debit Accounts are Assets and
Expenses. This means you credit a credit account to increase its balance, and you debit a credit account to decrease its balance.
A bank account is a financial account with a banking institution,
recording the financial transactions between the customer and the bank
and the resulting financial position of the customer with the bank. Bank accounts may have a positive, or debit balance, where the bank owes money to the customer; or a negative, or credit balance, where the customer owes the bank money.
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Chips Ters Profile
Chips Ters answered

Hi, I think a lot of people know what a Capital One savings account is. The Capital One Savings Account offers a competitive interest rate on your savings. You always earn the same flat rate, no matter how high or low your balance is. This is important to know if you are looking for a savings option with multilevel interest rates with the help of the capital one customer service representatives. Interest is calculated and credited to your Capital One account on a monthly basis. Note the cons of a Capital One savings account. They do not have cash withdrawals from ATMs (including Capital One ATMs).

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