Which of the Following Is Not True Regarding the Balance

question 71

Multiple Choice

Which of the following is not true regarding the balance forward method of accounting for accounts receivable?

• A) Payments are applied to the outstanding balance rather than to particular invoices.
• B) No attempt is made to match individual payments and invoices.
• C) Invoice records remain in the open invoice file until payment is received.
• D) The open invoice file is archived at the end of the period.

---

Definitions:

Hot Day

A day with high temperature, often causing discomfort and necessitating measures to cool down.

Exophthalmos

A condition where the eyes bulge outwards beyond the normal orbital boundaries, commonly associated with thyroid disease.

Hyperthyroid Disease

A condition characterized by the overproduction of thyroid hormones, leading to accelerated metabolism and associated symptoms.

Strabismus

A condition characterized by the misalignment of the eyes, which can lead to double vision or impaired depth perception.