A remittance advice is
A)used to increase (debit) an account receivable by the cash received
B)is a turnaround document
C)is retained by the customer to show proof of payment
D)none of the above

Question

Quizplus · Accepted Answer

A remittance advice is a document sent by a customer to a seller, informing the seller that an invoice has been paid. It often serves as a turnaround document because it is sent back to the company that issued the original invoice, facilitating the process of matching payments to invoices.

A Remittance Advice Is