Bank Statements (Grade 12 NSC Matric Mathematical Literacy): Flashcards

Monthly document showing all account transactions

Amount in account at start of statement period

Amount in account at end of statement period

Money leaving account, reduces balance

Money entering account, increases balance

Date, description, amount, balance

Balance updating after each transaction

$Balance_{new} = Balance_{old} + Credits - Debits$

Increase it (money coming in)

Decrease it (money going out)