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, helping account holders track their financial activity. These statements are usually issued monthly or quarterly and can be delivered in paper or electronic format. They are essential for budgeting, monitoring spending habits, and ensuring the accuracy of account records. Regularly reviewing your account statement can help identify any discrepancies or unauthorized transactions.