Which of the Following Statements About the Bank Statement Is

question 6

Multiple Choice

Which of the following statements about the bank statement is NOT true?

• A) The bank statement shows the amount payable by the customer.
• B) The bank statement summarises the activity in a cheque account.
• C) If the customer of the bank has a substantial bank overdraft,the closing balance will normally be a debit.
• D) It is the source document for bank charges.

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Definitions:

Periodic Tenancy

A lease interest in land for an indefinite period involving payment of rent at fixed intervals, such as week to week, month to month, or year to year.

Specify

To state or describe something clearly and precisely.

Revoke

To officially cancel, withdraw, or annul a decision, order, or agreement.

Impunity

Exemption from punishment or loss or escape from fines in cases where actions could typically result in such consequences.