In a Post-Billing System, Invoices Are Prepared Upon Acceptance of the Customer

question 41

True/False

In a post-billing system, invoices are prepared upon acceptance of the customer order.

---

Definitions:

Fixed Costs

Costs that do not change with the level of output or activity, such as rent or salaries.

Units Produced

The number of complete items manufactured or produced within a given timeframe.

Cash Discount

A reduction in the invoice price offered by sellers to buyers as an incentive for early payment before the established due date.

Prompt Payment

The practice of paying invoices on time, which can help build good relationships with suppliers and might qualify the payer for discounts.