1. Bank reports are consists of 3 types.

The first one is what we called the Condense bank statement,

this are the summary form of a company's income statement, balance sheet, and cash flow statement,
usually combined into a single document. These shortened statements are established to provide a
quick overview of the company's financial status with limited detail, and often for internal use only. The
second one is what we called the Real bank statement, this administer more accurate info. and is able
prepared by the regulatory and supervisory agencies. And lastly, we have what we called the Annual
reports, this is a document public corporations must provide annually to shareholders that describes
their operations and financial conditions. This are reports that is a corporate document published to
shareholder that spells out the company's financial condition and operations over the previous year. 

2. A bank statement is a report that is issued by a bank once a month to its customers, listing the
transactions impacting a bank account. Bank statement shows the increasing balance of cash in the
account, net of all the preceding transactions, as of the end of each day in the reporting period.Bank
statements carry bank account information, such as account number and a detailed list of deposits and
withdrawals. The importance of Bank statements are a great tool to help account holders or bank
clients keep track of their money. They can help account holders track their finances,recognize errors,
and identify spending habits. An account holder should authenticate their bank account on a regular
basis—either daily, weekly or monthly—to ensure their records match the bank’s records. This helps
reduce overdraft fees, errors, and fraud. In , bank operation, bank statements importance is the sales
and purchases are genuine in nature or are just book transactions, which may give a different opinion on
the company's performance from an analyst point of view, And it Identify lost checks, deposits and
unauthorized wire transactions. Distinguish and prevent excess or unjustified bank charges and ensure
transactions are posted correctly by your bank.

3. Bank liabilities are the extent incurred by a bank, what a bank owes. These are the different
bank liabilities, and these are; Cashier’s check outstanding, this is a secure way to make large
payments. The check itself is written by a financial organization like a bank or depository
financial institution against its own funds. The next one is Government Deposits, this is about
any deposit account that is to be subject to a perfected security interest in favor of a
Government Grant Authority as consider by an Applicable Governmental Grant and Security
Agreement. Another one is due to the banks, which is all about the collection of items paid for
but not yet remitted by the bank. It is an account represents deposits or balances of other banks
with the banks preparing the statements. Next is the demand deposits, this consists of funds
held during a checking account from which deposited funds are often withdrawn at any time,
like checking accounts. DDA accounts pays interest on a deposit into the accounts, but aren’t
required. A DDA allows funds to be penetrate anytime, while a term-time deposit account
restricts access for a predetermined time. And the last one is time deposits, may be a deposit
during a financial organization with a selected maturity or a period to maturity, commonly
mentioned as its “term.” Time deposits differ to at call deposits, like savings or checking
accounts, accounts which may be withdrawn at any time, with none notice or penalty. Deposits
that need recognize of withdrawal to tend are adequately time deposits, though they are doing
not have a hard and fast maturity. An example of Bank liabilities are, Make a down payment on
a home, Pay closing costs for a mortgage, Purchase a piece of land ect.