A(n) ____ is a record of checks, ATM transactions, deposits, and charges on an account.

• A. general ledger
• B. bank statement
• C. trial balance
• D. journal entry

Answer: (B)

Verified step by step guidance

1. Step 1: Understand the context of the question. The problem is asking for the term that describes a record of checks, ATM transactions, deposits, and charges on an account.
2. Step 2: Review the options provided: 'general ledger,' 'bank statement,' 'trial balance,' and 'journal entry.' Each term has a specific meaning in Financial Accounting.
3. Step 3: Clarify the concept of each term: A 'general ledger' is a complete record of all financial transactions of a company. A 'trial balance' is a summary of all ledger accounts to ensure debits equal credits. A 'journal entry' is a record of a single transaction in the accounting system. A 'bank statement' is a document provided by a bank that lists all transactions in a specific account over a period.
4. Step 4: Match the description in the question to the correct term. The question specifies a record of checks, ATM transactions, deposits, and charges on an account, which aligns with the definition of a 'bank statement.'
5. Step 5: Conclude that the correct answer is 'bank statement' based on the matching description and the definitions of the terms provided.