A company uses the method for tracking accounts receivable where customers pay according to individual sales invoices.This describes the ________ method.

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The open-invoice method is where customers are billed for individual sales invoices and then pay accordingly. The monthly statement method involves sending one statement to customers at the end of each month with the total amount owed. The balance forward method involves carrying forward the previous balance and adding new charges to create a new balance. Cycle billing involves dividing the customer base into different groups and sending invoices and statements at different times throughout the month.

A Company Uses the Method for Tracking Accounts Receivable Where