A type of accounts receivable system that matches specific invoices and payments from the customer is called a(n)__________ system.

Question

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An open invoice system is one where each invoice is treated as a separate item, and payment is matched specifically to each invoice. This system allows for easy tracking of outstanding payments and provides a clear view of the customer's payment history. The other options are different types of billing systems that do not involve matching specific invoices and payments.

A Type of Accounts Receivable System That Matches Specific Invoices