Which of the Following Is a Report Sent to Each

question 89

Multiple Choice

Which of the following is a report sent to each customer showing the beginning receivable balance, transactions during the month, and the ending receivable balance?

• A)Monthly statement of receivable balances
• B)Sales invoice
• C)Sales cycle database
• D)Customer master file

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Definitions:

Export

Items or services transported from one nation to another with the intent of being sold or traded.

Import

The act of bringing goods or services into one country from another for the purpose of trade.

Trade Surplus

The difference between a nation's exports and imports when exports exceed imports.

Trade Deficit

A measure of international trade in which a country's imports exceed its exports.