In an open-item accounts receivable system, customer statements display invoices (new or settled in the current period), along with payment details.
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Q14: In a post-billing system, invoices are prepared
Q15: An invoice is a business document-either paper
Q16: Funds on deposit and available for use
Q17: The AR master file address is a
Q18: In a pre-billing system, invoices are prepared
Q20: Recording B/AR/CR event data is generally the
Q21: The payment event data contains the details
Q22: The accounts receivable master data is created
Q23: The acronym ACH stands for automated clearing
Q24: The ACH network electronically transfers funds by
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