What is the name of the document that tells you what you need to pay on your credit card?

• A. Credit card statement
• B. Invoice
• C. Bank reconciliation
• D. Balance sheet

Answer: (A)

Verified step by step guidance

1. Understand the purpose of each document listed in the options to determine which one is relevant to credit card payments.
2. A credit card statement is a document provided by the credit card issuer that summarizes the transactions, payments, and outstanding balance for a specific billing period. It also includes the minimum payment due and the payment due date.
3. An invoice is a document issued by a seller to a buyer, detailing goods or services provided and the amount owed. It is not specific to credit card payments.
4. Bank reconciliation is a process used to compare a company's records with its bank statement to ensure accuracy. It is unrelated to credit card payments.
5. A balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time. It does not provide information about credit card payments.