Using the _______ method,customers typically pay a sales invoice that reflects a single transaction,referred to as a _______.
A)open invoice; monthly statement
B)open invoice; remittance advice
C)balance-forward; monthly statement
D)balance-forward; remittance advice

Question

Quizplus · Accepted Answer

The open invoice method involves customers paying individual invoices for each transaction, while the balance-forward method combines multiple transactions into a single statement. Therefore, option B is the correct answer as it mentions the open invoice method and a remittance advice, which is a document accompanying a payment that identifies the invoice being paid.

Using the _______ Method,customers Typically Pay a Sales Invoice That