 Hello in this lecture we will define bank statement according to fundamental accounting principles while 22nd edition the definition of bank statement is bank report on the depositors beginning and ending cash balances and a listing of its changes for a period so when we're talking about the bank statement we are of course talking about a document from the bank not internally generated the statement is from the bank we often then will compare the bank statement to our internal records so a bank statement might look something like this we're going to have it usually monthly we're going to get the bank statement whether it be by paper or electronically nice to have it monthly because it's nice to have monthly reconciliations and go through that monthly reconciliation process in this case we have it for February generally the bank statement from the bank would look something like this we got the beginning balance we've got the transactions summarized in terms of total additions and total withdrawals