A company uses an invoice method whereby customers typically pay according to each invoice.This is the __________ method.

Question

Quizplus · Accepted Answer

The open-invoice method is when customers are expected to pay each invoice individually rather than receiving a monthly statement or balance forward statement. Cycle billing refers to spreading out invoice dates throughout the month for easier management, and balance forward is when customers are sent a statement showing their entire balance due for the month rather than individual invoices. Thus, the best choice for this scenario is option B.

A Company Uses an Invoice Method Whereby Customers Typically Pay