A detailed aging report of open item accounts lists individual invoices by customer, whereas a summary aging report requires only one line for each customer with all invoices for a single customer combined.
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Q40: In the open item system, payments are
Q41: The discounts taken report is an output
Q42: A significant disadvantage of the balance forward
Q43: A remittance advice is used as a
Q44: A detailed aging of open item accounts
Q46: One requirement of a good audit trail
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Q48: Standing orders represent an application of the
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Q50: Using the pre-identification method for recording customer
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