In the ________ Method of Tracking Accounts Receivable,customers Pay According

question 78

Multiple Choice

In the ________ method of tracking accounts receivable,customers pay according to the amount showing on their monthly statement and payments are applied against the total account balance.

• A)specific identification
• B)open-invoice
• C)balance forward
• D)remittance advice

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Definitions:

Essential Requirement

A fundamental need or condition that is absolutely necessary for something to occur or be achieved.

Successful Leadership

The effective guidance and influence exerted by a leader that results in the achievement of group or organizational goals.

Motives

The underlying reasons or incentives that drive individuals to act or behave in a certain manner.

Integrity

The quality of being honest and having strong moral principles, or the state of being whole and undivided.