With a(n)__________ system,customers pay according to the amount showing on their monthly statement and payments are simply applied against the total account balance.

Question

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A balance forward system means that the customer is billed for the total outstanding balance on their account, and payments made are applied to that balance. This is in contrast to an open invoice system where customers are billed for individual purchases or transactions. A closed invoice system involves a single invoice for a specific transaction or purchase, and an invoice forward system involves invoices being sent out for future services or deliveries.

With A(n)__________ System,customers Pay According to the Amount Showing on Their