Define statement of account
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An account statement is a periodic summary of account activity with a beginning date and an ending date. The most commonly known are checking account statements, usually provided monthly, and brokerage account statements, which are provided monthly or quarterly.
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statement of account or account of statement is is used by the vendor to a client it list out the all financial transactions between the two businesses with a specific time period the statement may reflect the zero balance if not it act as a reminder
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