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What does a bank statement tell you?
Part 1: Interpreting bank statements
Bank statement - Sample
Account details
Codes
Name: J. Citizen
Bank code: 85-92-00
Date: 30 June 2021
Account number: 011 657 8904
DD = Direct debit (money automatically withdrawn from your account)
DC = Debit card (purchases using your card)
CR = Credit (deposits)
ATM = Cash withdrawal
Transactions
Date
Code…
WorksheetEconomics & BusinessYear 7Profit, loss, and record keeping
Linked activity:
Profit, loss, and record-keeping
VisualiserEconomics & BusinessYear 7Categorising expenses
Linked activity:
What are my spending habits?
VisualiserEconomics & BusinessYear 7Government intervention in the economy
Linked activity:
Government intervention in the economy
VisualiserEconomics & BusinessYear 8SWOT analysis
Linked activity:
Using a SWOT analysis to make a business decision
VisualiserEconomics & BusinessYear 8Ethical principles
Linked activity:
Fairness of the income tax system (AC v9.0)
Fairness of the taxation system (AC v8.4)
VisualiserEconomics & BusinessYear 8Income tax and the redistribution of income
Linked activity:
Fairness of the income tax system (AC v9.0)
Fairness of the taxation system (AC v8.4)
VisualiserEconomics & BusinessYear 8Governments and the external operating environment
Linked activity:
The business environment and governments (AC v9.0)
Governments and the external operating environment (AC v8.4)
VisualiserEconomics & BusinessYear 8