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


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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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