An Account Statement is a summary of financial transactions for a specific period, typically provided by banks or financial institutions. It includes details such as deposits, withdrawals, fees, and interest earned, allowing account holders to track their financial activity and balance. These statements are usually issued monthly or quarterly and can be accessed online or in paper form. They help individuals manage their finances, monitor spending habits, and ensure that all transactions are accurate. Regularly reviewing an Account Statement is essential for maintaining financial health and identifying any discrepancies.