A document sent to each customer showing his or her beginning accounts receivable balance and the amount and date of each sale, cash payment received, credit notes issued, and the ending balance is the:
A) sales invoice.
B) monthly statement.
C) accounts receivable subsidiary ledger.
D) remittance advice.

Question

Quizplus · Accepted Answer

The document that describes the beginning balance, sales, payments, credit notes, and ending balance is known as a monthly statement. A sales invoice is a document that shows the details of a sale, a remittance advice is a document that lists the items included in a payment, and an accounts receivable subsidiary ledger is a detailed record of accounts receivable transactions for a particular customer.

A Document Sent to Each Customer Showing His or Her