What does Billing statement mean?

A written record issued by a bank or other financial institution is known as a billing statement. This piece of document is prepared at the end of a billing cycle, which is usually a month. It lists all transactions for a specific credit card account, including checks, withdrawals, deposits, fees, electronic transfers and other charges. The statement also lists the credited and earned interest, and it is usually mailed to the client. The billing statement is also known as the monthly statement, as well as simply called statement.